The following data were taken from the records of Menendez Company:
Current assets $5,000
Pr...
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The following data were taken from the records of Menendez Company:
Current assets $5,000
Property, plant, and equipment 10,000
Current liabilities 3,500
Long-term liabilities 5,000
Stockholders' equity 6,500
What is Menendez Company's working capital?
a. $1,500
b. $5,000
c.1.00
d. $6,500
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