Based on the data for Privett Company, what is the amount of working capital?

A) $213,000
B) $113,000
C) $153,000
D) $39,000

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term liquidity.

Long-term Liabilities

Financial obligations of a business that are due more than one year in the future, such as bonds payable, long-term loans, and lease obligations.

Accounts Payable

Obligations owed by a company to its creditors or suppliers for goods and services received but not yet paid for.