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 92

Multiple Choice

A corporation reports the following year-end balance sheet data. The company's working capital equals: $\begin{array}{lrrr}\text { Cash } & \$ 40,000 & \text { Current liabilities } & \$ 5,000 \\\text { Accounts receivable } & 55,000 & \text { Long-term liabilities } & 35,000 \\\text { Inventory } & 60,000 & \text { Common stock } & 100,000 \\\text { Equipment } & 145,000 & \text { Retained earnings } & 90,000 \\\text { Total assets } & \$ 300,000 & \text { Total liabilities and equity } & \$ 300,000 \\\end{array}$

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

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Definitions:

Quantitative Data

Information that can be measured and represented through numbers or quantities.

Common Language

Common Language means a language that is mutually understood by a diverse group of people, facilitating communication and understanding.

Proportions

The relationship or ratio between different elements or components, often relating to size, quantity, or degree.

Fractions

A mathematical expression representing the division of one quantity by another, indicating a part of a whole number.