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

Recognize the effects of human-induced changes on Earth's global energy budget and biogeographic regions.

Understand key innovations and their impact on the diversity and evolutionary success within specific lineages.

Grasp the origin and historical biogeographic distribution of major animal groups.

Comprehend methods used by evolutionary biologists to calculate biodiversity metrics and reconstruct evolutionary histories.

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Definitions:

Net Working Capital

The contrast between a firm's assets available in the short term and the liabilities due in the same period, pointing to its immediate financial condition.

Accounts Payable

Liabilities of a business that are due to be paid to creditors within a short period, usually one year.

Balance Sheet

A financial statement that shows the assets, liabilities, and shareholders' equity of a company at a specific point in time, providing a snapshot of its financial condition.

External Financing Needed

The additional funding required by a firm to finance its business activities and growth outside of internal cash flows.