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Using the following balance sheet and income statement data, what is the total amount of working capital? Current assets $ 21840 Net income $ 46800
Using the following balance sheet and income statement data, what is the total amount of working capital?
| Current assets | $21840 | Net income | $46800 | |
|---|---|---|---|---|
| Current liabilities | 12480 | Stockholders' equity | 65520 | |
| Average assets | 137280 | Total liabilities | 28080 | |
| Total assets | 93600 |
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
