Using the Following Balance Sheet and Income Statement Data, What

question 35

Multiple Choice

Using the following balance sheet and income statement data, what is the total amount of working capital? $$\begin{array} { l r l r } \text { Current assets } & \$ 16,000 & \text { Net income } & \$ 21,000 \\\text { Current liabilities } & 8,000 & \text { Stockholders' equity } & 39,000 \\\text { Average assets } & 80,000 & \text { Total liabilities } & 21,000 \\\text { Total assets } & 60,000 & &\end{array}$$ Average common shares outstanding was 10,000.

• A) $ 4,000
• B) $16,000
• C) $ 5,000
• D) $ 8,000

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Definitions:

Sit-and-reach Test

A fitness test designed to measure the flexibility of the lower back and hamstring muscles.

Flexibility

The ability of joints to move through their full range of motion; important for overall mobility and injury prevention.

Joint Flexibility

The capacity of joints to achieve their complete motion range freely, without experiencing discomfort or rigidity.

Overly Flexible

Describes a condition where joints move beyond a healthy range of motion, potentially leading to instability or injury.