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Using the Following Balance Sheet and Income Statement Data, What

question 190

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Using the following balance sheet and income statement data, what is the total amount of working capital?  Current assets $7,000 Net income $15,000 Current liabilities 4,000 Stockholders’ equity 21,000 Average assets 44,000 Total liabilities 9,000 Total assets 30,000\begin{array}{lrlr}\text { Current assets } & \$ 7,000 & \text { Net income } & \$ 15,000 \\\text { Current liabilities } & 4,000 & \text { Stockholders' equity } & 21,000 \\\text { Average assets } & 44,000 & \text { Total liabilities } & 9,000\\\text { Total assets } \quad 30,000\end{array} Average common shares outstanding was 10,000.

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Definitions:

Medicine Cup

A small container used for measuring and administering liquid medications accurately.

Oral Medication Administration

The process of giving medication by mouth for absorption through the digestive system.

Mini-Infusion Pump

A small, portable pump used to deliver medication at a constant or controlled rate into a patient's body, often used in situations requiring continuous drug administration.

IV Medication

Administration of drugs directly into the veins through an IV line, providing immediate drug delivery into the bloodstream.

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