Question
1. The following amounts were taken from a company's balance sheet: Total assets, $100,000 Total liabilities, $20,000 Total stockholders' equity, $80,000 Current assets, $10,000 Current
1. The following amounts were taken from a company's balance sheet:
Total assets, $100,000
Total liabilities, $20,000
Total stockholders' equity, $80,000
Current assets, $10,000
Current liabilities, $5,000
The company's working capital is
$5,000.
$80,000.
$10,000.
$20,000.
2. The following amounts were taken from a company's balance sheet:
Total assets, $100,000
Total liabilities, $20,000
Total stockholders' equity, $80,000
Current assets, $10,000
Current liabilities, $5,000
The company's current ratio is
0.50.
5.0.
2.0.
None of these choices are correct.
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Foundations Of Managerial Accounting
Authors: Dr. Susan Galbreath
1st Edition
0390786276, 978-0390786272
