The Balance Sheet of Hemp Ltd at 30 June 2016

question 27

Multiple Choice

The balance sheet of Hemp Ltd at 30 June 2016 showed: noncurrent assets $500 000;noncurrent liabilities $320 000;total liabilities $400 000;and shareholders' equity $300 000.What was the working capital of Hemp Ltd at 30 June 2016?

• A) $120 000
• B) $180 000
• C) $200 000
• D) $300 000

---

Definitions:

Absolute Level

A fixed point of reference that is used to measure or compare levels of a particular variable without relation to other variables.

Person's Behaviour

The actions or reactions of an individual in response to external or internal stimuli.

Sequencing Skills

The ability to logically order events, ideas, or objects, which is crucial for problem-solving and understanding complex narratives.

Aptitude Test

An exam designed to assess a person's potential ability to perform a specific task or to learn certain skills.