Using the Following Balance Sheet and Income Statement Data What

question 80

Multiple Choice

Using the following balance sheet and income statement data what is the total amount of working capital? $$\begin{array}{l}\begin{array} { l r l r } \text { Current assets } & \$ 32,000 & \text { Net income } & \$ 42,000 \\\text { Current liabilities } & 16,000 & \text { Stockholders' equity } & 78,000 \\\text { Average assets } & 160,000 & \text { Total liabilities } & 42,000\end{array}\\\text { Total assets } \quad 120,000\end{array}$$

• A)$8000
• B)$32000
• C)$10000
• D)$16000

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Definitions:

Society

A group of individuals living together in a more or less ordered community, often sharing common cultural and social norms.

Public Park

An area of natural, semi-natural, or planted space set aside for human enjoyment and recreation or for the protection of wildlife or natural habitats.

Merchants

Merchants are individuals or businesses engaged in the commercial trading of goods and services, often acting as intermediaries between producers and consumers.

Society's Point of View

Society's Point of View considers the interests, needs, and values of the community or larger collective, often in the context of decision-making or assessing impacts.