A Corporation Reports the Following Year-End Balance Sheet Data A) $80,000
B) $155,000
C) $75,000
D) $300,000
E) $190,000

question 142

Multiple Choice

A corporation reports the following year-end balance sheet data. The company's working capital equals: $$\begin{array} { l r l r } \text { Cash } & \$ 40,000 & \text { Current liabilities } & \$ 75,000 \\\text { Accounts receivable } & 55,000 & \text { Lore-tern liabilities } & 35,000 \\\text { Irventory } & 60,000 & \text { Corrnon stock } & 100,000 \\\text {Equipment} & \underline{145,000 }& \text { Retained earnings } & \underline{90,000} \\\text {Total assets}&\underline{ \$ 300,000 }& \text { Total liabilities ard equity } & \underline{\$ 300,000}\end{array}$$

• A) $80,000
• B) $155,000
• C) $75,000
• D) $300,000
• E) $190,000

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Definitions:

Blood Calcium

The concentration of calcium ions in the blood, crucial for bone health, nerve function, muscle contraction, and blood clotting.

Parathyroid Hormone

A hormone released by the parathyroid glands important for maintaining a stable level of calcium in the blood.

Insulin

A hormone produced by the pancreas that regulates the amount of glucose in the blood.

Neurosecretory Cell

Specialized neuron that secretes a hormone into the blood in response to an action potential.