FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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
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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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