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1. Romaine Corporation's total current assets are Php300,000, its noncurrent assets are Php570,000, its total current liabilities are Php270,000, its long-term liabilities are Php360,000, and

1. Romaine Corporation's total current assets are Php300,000, its noncurrent assets are Php570,000, its total current liabilities are Php270,000, its long-term liabilities are Php360,000, and its stockholders' equity is Php240,000. Required: Compute the company's working capital.

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