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:

Luria

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Leonard Berkowitz is a social psychologist known for his research on aggression, exploring how environmental triggers such as frustration can lead to aggressive behavior.