Question
Using the following balance sheet and income statement data, what is the total amount of working capital? Current assets $38400 Net income $50400 Current liabilities
Using the following balance sheet and income statement data, what is the total amount of working capital?
Current assets $38400 Net income $50400
Current liabilities 19200 Stockholders' equity 93600
Average assets 192000 Total liabilities 50400
Average common shares outstanding was 18000
A. $38400
B. $9600
C. $12000
D. $19200
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Management Control Systems Performance Measurement Evaluation And Incentives
Authors: Kenneth Merchant, Wim Van Der Stede
4th Edition
1292110554, 978-1292110554
