Using the following balance sheet and income statement data, what is the total amount of working capital? Current assets Net income 38400 50400 Stockholders' Current liabilities 19200 93600 equity Average assets 192000 Total liabilities 50400 Total assets 144000 Average common shares outstanding was 18000. O $ 12000 O $ 9600 O $ 19200 O $ 38400

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Using the following balance sheet and income statement data, what is the total amount of working capital?
$
Current assets
Net income
38400
50400
Stockholders'
Current liabilities
19200
93600
equity
Average assets
192000
Total liabilities
50400
Total assets
144000
Average common shares outstanding was 18000.
O $ 12000
O $ 9600
O $ 19200
O $ 38400
Transcribed Image Text:Using the following balance sheet and income statement data, what is the total amount of working capital? $ Current assets Net income 38400 50400 Stockholders' Current liabilities 19200 93600 equity Average assets 192000 Total liabilities 50400 Total assets 144000 Average common shares outstanding was 18000. O $ 12000 O $ 9600 O $ 19200 O $ 38400
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