Question
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,
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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Principles Of International Auditing And Assurance
Authors: Rick Hayes, Philip Wallage, Peter Eimers
4th Edition
9463720065, 978-9463720069
