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Compute the Current Liabilities for the Yi Yo Investment Center

question 23

Multiple Choice

Compute the current liabilities for the Yi Yo investment center as shown below.  Yi Yo Subsidiary  Total sales $18,000 After-tax operating income $1,000 Total assets $15,000 Current liabilities $? Total assets - current liabilities 3,500 Cost of capital 15% Economic value added $?\begin{array}{lr}&\text { Yi Yo Subsidiary }\\\text { Total sales } & \$ 18,000 \\\text { After-tax operating income } & \$ 1,000 \\\text { Total assets } & \$ 15,000 \\\text { Current liabilities } & \$ ? \\\text { Total assets - current liabilities } &3,500 \\\text { Cost of capital } & 15 \%\\ \text { Economic value added } & \$ ? \end{array}

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Definitions:

Sexual Characteristics

Physical or physiological traits associated with male or female species, often related to reproductive functions.

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The inner section of the kidney.

Adrenaline

A hormone and neurotransmitter also known as epinephrine that increases heart rate, muscle strength, blood pressure, and sugar metabolism, usually released in response to stress.

Glucagon

A hormone produced by the pancreas that raises blood glucose levels by stimulating the liver to convert stored glycogen into glucose.

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