Using the Following Balance Sheet and Income Statement Data for Castillo

question 24

Multiple Choice

Using the following balance sheet and income statement data for Castillo Company what is the company's working capital at the period? $$\begin{array} { l r l r } \text { Current assets } & \$ 41,000 & \text { Net income } & \$ 48,000 \\\text { Current liabilities } & 22,000 & \text { Stockholders' equity } & 75,000 \\\text { Average assets } & 210,000 & \text { Total liabilities } & 125,000 \\\text { Total assets } & 200,000 & &\end{array}$$

• A)$10000
• B)$19000
• C)$27000
• D)$50000

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Definitions:

Social Facilitation

The tendency for individuals to perform differently when in the presence of others, typically improving on simple or well-rehearsed tasks and performing poorly on complex tasks.

Dominant Responses

The most common or likely actions, behaviors, or emotional reactions an individual displays in response to a particular situation or stimulus.

Binge Eating

A disorder characterized by recurrent episodes of eating large quantities of food, often quickly and to the point of discomfort.

Feeling Full

The sensation of having eaten enough or to satisfaction, often associated with satiety.