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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?  Current assets $21,000 Net income $45,000 Current liabilities 12,000 Stockholders’ equity 63,000 Average assets 132,000 Total liabilities 27,000 Total assets 90,000\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}


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