Question
Using the following balance sheet and income statement data, what is the total amount of working capital? Current assets $28800 Net income $37800 Current liabilities
Using the following balance sheet and income statement data, what is the total amount of working capital?
| Current assets | $28800 | Net income | $37800 | |
|---|---|---|---|---|
| Current liabilities | 14400 | Stockholders' equity | 70200 | |
| Average assets | 144000 | Total liabilities | 37800 | |
| Total assets | 108000 |
Average common shares outstanding was 13500.
$7200
$28800
$9000
$14400
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Financial Accounting
Authors: David Perkins
4th Edition
111925700X, 978-1119257004
