Using the Following Balance Sheet and Income Statement Data What

question 67

Multiple Choice

Using the following balance sheet and income statement data what is the total amount of working capital? $$\begin{array}{l}\begin{array} { l c l c } \text { Current assets } & \$ 21,000 & \text { Net income } & \$ 45,000 \\\text { Current liabilities } & 12,000 & \text { Stockholders' equity } & 63,000 \\\text { Average assets } & 132,000 & \text { Total liabilities } & 27,000\end{array}\\\text { Total assets } \quad 90,000\end{array}$$

• A)$7000
• B)$5000
• C)$9000
• D)$2000

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Definitions:

45-90 Degrees

A range of angles often referred to in various contexts, such as in geometry, physics, physical therapy, and ergonomics, implying a spectrum from acute to right angles.

Months

Units of time in calendars, typically involving a period of approximately 30 days or four weeks.

Hold Bottle

The action of supporting a feeding bottle during infant feeding to control the flow of milk or formula.

Months

Units of time, typically used to measure periods closer to the length of the natural period related to the motion of the Moon; each month roughly corresponds to one cycle of the moon's phases.