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Using the following balance sheet and income statement data, what is the total amount of working capital? Current assets $ 38500 Net income $ 43300
Using the following balance sheet and income statement data, what is the total amount of working capital?
| Current assets | $38500 | Net income | $43300 | |
|---|---|---|---|---|
| Current liabilities | 14800 | Stockholders' equity | 79800 | |
| Average assets | 157700 | Total liabilities | 41500 | |
| Total assets | 130000 |
Average common shares outstanding was 15600.
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1-119-3061, 1119306167, 978-1119444367
