Using the following balance sheet and income statement data, what is the total amount of working capital? Current assets $38500 Net income $43300 Current liabilities 14800 Stockholders' equity 79800 Average assets 157700 Total liabilities 41500 Total assets 130000 Average common shares outstanding was 15600. 2.7 : 10.4 : 13.0 : 12.6 : 1.0

Using the following balance sheet and income statement data, what is the total amount of working capital? Current assets $38500 Net income $43300 Current liabilities 14800 Stockholders' equity 79800 Average assets 157700 Total liabilities 41500 Total assets 130000 Average common shares outstanding was 15600. 2.7 : 10.4 : 13.0 : 12.6 : 1.0

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 5CE

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Current assets	$38500	Net income	$43300
Current liabilities	14800	Stockholders' equity	79800
Average assets	157700	Total liabilities	41500
Total assets	130000

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