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:

CLX Application

Refers to application development or deployment on ControlLogix, a platform by Allen-Bradley for industrial control systems, emphasizing modular, scalable control.

Continuous Block

A term that may refer to a sequence of data storage units or programming instructions that are used continuously without interruption, but without a standard definition in this form, its specific meaning can vary by context.