Teague Industries Presented Below Is Selected Financial Data for Teague

question 9

Multiple Choice

Teague Industries Presented below is selected financial data for Teague Industries for the current year:
$\begin{array}{|c|c|c|c|}\hline \text { Current assets: } & & \text { Current liabilities } & \\\hline \text { Cash and cash equivalents } & \$ 3,513 & \text { Accounts payable } & \$ 5,365 \\\hline \text { Short-term investments } & 1,565 & \text { Other current liabilities } & 2,882 \\\hline \text { Receivables, net } & 1,861 & \text { Total current liabilities } & 8,247 \\\hline \text { Merchandise inventories } & 6,185 & \text { Noncurrent liabilities } & 5,156 \\\hline \text { Other current assets } & 1,925 & \text { Shareholders' Equity } & 6,230 \\\hline \text { Total current assets } & 15,049 & \begin{array}{l}\text { Total liabilities and shareholders' } \\\text { equity }\end{array} & \$ 19,633 \\\hline \text { Noncurrent assets } & 4,584 & & \\\hline \text { Total assets } & \$ 19,633 & & \\\hline \text { Revenues } & \$ 50,826 & & \\\hline \text { Costs and Expenses } & 45,963 & & \\\hline \text { Operating Income } & 4,863 & & \\\hline \begin{array}{l}\text { Other income/expense (including } \\\text { interest expense of } \$ 50 \text { ) }\end{array} & (26) & & \\\hline \text { Income before income tax } & 4,837 & & \\\hline \text { Income tax expense } & (1,439) & & \\\hline \text { Net income } & \$ 3,398 & & \\\hline\end{array}$

Previous Years' Financial Data
$$\begin{array} { | l | r | } \hline \text { Total Assets } & \$ 17,120 \\\hline \text { Shareholders' Equity } & 3,990 \\\hline\end{array}$$
Working capital for Teague Industries is ________.

• A) $6,230
• B) $6,802
• C) $1,852
• D) $11,386

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Definitions:

Plot

A graphical technique for representing a data set, usually as a graph showing the relationship between two or more variables.

Chest

The front part of the body between the neck and the abdomen, enclosing the heart and lungs.

Leverages

In statistics, the influence individual data points have on the regression coefficients in a linear regression model.

T-Statistic

A type of test statistic used in Student's t-test, calculated as the difference between an observed sample mean and a known population mean, divided by the standard error.