Using the following balance sheet and income statement data, what is the total amount of working capital? $$\begin{array} { l c l r }
\text { Current assets } & \$ 21,000 & \text { Net income } & \$ 45,000 \
\text { Current liabilities } & 12,000 & \text { Stockholders' equity } & 63,000 \
\text { Average assets } & 132,000 & \text { Total liabilities } & 27,000 \
\text { Total assets } & 90,000 & & \
\text { Average common shares outstanding was } 15,000 . &
\end{array}$$
A)$7,000
B)$5,000
C)$9,000
D)$2,000

Question

Using the following balance sheet and income statement data, what is the total amount of working capital? $$\begin{array} { l c l r } 
\text { Current assets } & \$ 21,000 & \text { Net income } & \$ 45,000 \
\text { Current liabilities } & 12,000 & \text { Stockholders' equity } & 63,000 \
\text { Average assets } & 132,000 & \text { Total liabilities } & 27,000 \
\text { Total assets } & 90,000 & & \
\text { Average common shares outstanding was } 15,000 . &
\end{array}$$
A)$7,000
B)$5,000
C)$9,000
D)$2,000

Quizplus · Accepted Answer

The Answer of Using the following balance sheet and income statement data, what is the total amount of working capital? $$\begin{array} { l c l r } 
\text { Current assets } & \$ 21,000 & \text { Net income } & \$ 45,000 \
\text { Current liabilities } & 12,000 & \text { Stockholders' equity } & 63,000 \
\text { Average assets } & 132,000 & \text { Total liabilities } & 27,000 \
\text { Total assets } & 90,000 & & \
\text { Average common shares outstanding was } 15,000 . &
\end{array}$$
A)$7,000
B)$5,000
C)$9,000
D)$2,000

Using the Following Balance Sheet and Income Statement Data, What