Question
Teague Industries Presented below is selected financial data for Teague Industries for the current year: Current assets: Current liabilities Cash and cash equivalents $3,513 Accounts
Teague Industries
Presented below is selected financial data for Teague Industries for the current year:
Current assets: | Current liabilities | |||
Cash and cash equivalents | $3,513 | Accounts payable | $5,365 | |
Shortterm investments | 1,565 | Other current liabilities | 2,882 | |
Receivables, net | 1,861 | Total current liabilities | 8,247 | |
Merchandise inventories | 6,185 | Noncurrent liabilities | 5,156 | |
Other current assets | 1,925 | Shareholders' Equity | 6,230 | |
Total current assets | 15,049 | Total liabilities and shareholders' equity | $19,633 | |
Noncurrent assets | 4,584 | |||
Total assets | $19,633 | |||
Revenues | $50,826 | |||
Costs and Expenses | 45,963 | |||
Operating Income | 4,863 | |||
Other income/expense (including interest expense of $50) | (26) | |||
Income before income tax | 4,837 | |||
Income tax expense | (1,439) | |||
Net income | $3,398 |
Previous Years' Financial Data
Total Assets | $17,120 |
Shareholders' Equity | 3,990 |
Working capital for Teague Industries is ________.
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