The balance sheet for Stevenson Corporation reported the following: Non-current assets $150,000, Total assets $390,000, Non-current liabilities $250,000, Total stockholders' equity $88,000. Required: Compute Stevenson's working capital.

Survey of Accounting (Accounting I)
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ISBN:9781305961883
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Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 6CDQ: For Belzcr Corporation, the working capital at the end of the current year is $24,000 more than the...
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The balance sheet for Stevenson Corporation reported the following:
Non-current assets $150,000,
Total assets $390,000,
Non-current liabilities $250,000,
Total stockholders' equity $88,000.
Required:
Compute Stevenson's working capital.
Transcribed Image Text:The balance sheet for Stevenson Corporation reported the following: Non-current assets $150,000, Total assets $390,000, Non-current liabilities $250,000, Total stockholders' equity $88,000. Required: Compute Stevenson's working capital.
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