Question
Using the following balance sheet and income statement data, what is the total amount of working capital? Current assets $24300 Net income $31900 Current liabilities
Using the following balance sheet and income statement data, what is the total amount of working capital?
| Current assets | $24300 | Net income | $31900 | |
|---|---|---|---|---|
| Current liabilities | 12200 | Stockholders' equity | 59300 | |
| Average assets | 121600 | Total liabilities | 31900 | |
| Total assets | 91200 |
Average common shares outstanding was 11400.
A) $6100
B) $7600
C) $12100
D) $24300
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
5th Edition
1260013987, 9781260013986
