Using the following balance sheet and income statement data, what is the total amount of working capital? Current assets $ 7,000 Net income $ 15,000 Current liabilities 4,000 Stockholders' equity 21,000 Average assets 44,000 Total liabilities 9,000 Total assets 30,000 Average common shares outstanding was 10,000. a. $7,000 b. $5,000 c. $3,000 d. $2,000

A: Formulas for different financial ratios are as follows.

A: Accounting equation is a representation of the balance sheet that shows total assets is equal to the…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

A: =COUNTIF is used to count the cells satisfying the given criteria in the given range.

A: Yes the answer is writtern in own words. Please find a alternate answer below

A: Answer:-  Difference meaning:- Difference is an important notion in philosophy, referring to the…

A:

A: NAREIT Index Rate: It implies the compound dividend yield which is communicated as far as a yearly…

A: Given: Beginning of the Year Common Stock = $8 Additional Paid in Surplus = $138 End of the Year…

A: Supervisors regularly depend on models and intuition to make fast decisions. Intuitive decision…

A: There are two type of costs that are being incurred in business. One is fixed costs, which will not…

A: Ledger posting. : When any transaction is made journal entry is passed, after that those entries are…

A: Net realizable value = Estimated Selling Price -  Cost of Completion and Disposal where, Cost of…

A: Modigliani and Miller’s approach is an element of economic theory and it forms the basis for modern…

A: Allowance Method - Under allowance method company make provision of uncollectible accounts at the…

A: Lets understand the basics. Cash management is must requirement for banks in todays world. This is…

A: Cost per good unit is calculated as total cost divided by number of good units. The cost can be…

A: Solution: Adjusting Entries are the journal entries that are made at the end of a given accounting…

A: On reading the 4th line of the question, we came across a statement "The company currently absorbs…

A: Data given: Costs  of house(Purchase price) =$250,000 Down payment = 2% of the purchase price.…

A: In the net realizable value method, joint costs are allocated based on the total final sales value…

A: Since the question has more than 3 sub-parts, the first 3 subparts are answered. If you want the…