Using the following balance sheet and income statement data what is the total amount of working capital? $$\begin{array}{l}
\begin{array} { l c l c }
\text { Current assets } & \$ 21,000 & \text { Net income } & \$ 45,000 \
\text { Current liabilities } & 12,000 & \text { Stockholders' equity } & 63,000 \
\text { Average assets } & 132,000 & \text { Total liabilities } & 27,000
\end{array}\
\text { Total assets } \quad 90,000
\end{array}$$
A)$7000
B)$5000
C)$9000
D)$2000

Question

Using the following balance sheet and income statement data what is the total amount of working capital? $$\begin{array}{l}
\begin{array} { l c l c } 
\text { Current assets } & \$ 21,000 & \text { Net income } & \$ 45,000 \
\text { Current liabilities } & 12,000 & \text { Stockholders' equity } & 63,000 \
\text { Average assets } & 132,000 & \text { Total liabilities } & 27,000
\end{array}\
\text { Total assets } \quad 90,000
\end{array}$$
A)$7000
B)$5000
C)$9000
D)$2000

Quizplus · Accepted Answer

The Answer of Using the following balance sheet and income statement data what is the total amount of working capital? $$\begin{array}{l}
\begin{array} { l c l c } 
\text { Current assets } & \$ 21,000 & \text { Net income } & \$ 45,000 \
\text { Current liabilities } & 12,000 & \text { Stockholders' equity } & 63,000 \
\text { Average assets } & 132,000 & \text { Total liabilities } & 27,000
\end{array}\
\text { Total assets } \quad 90,000
\end{array}$$
A)$7000
B)$5000
C)$9000
D)$2000

Using the Following Balance Sheet and Income Statement Data What