Using the following balance sheet and income statement data, what is the total amount of working capital? $ 2$ Current assets Net income 19320 41400 Stockholders' Current liabilities 11040 57960 equity Average assets 121440 Total liabilities 24840 Total assets 82800

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 5CE
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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
19320
41400
Stockholders'
Current liabilities
11040
57960
equity
Average assets
121440
Total liabilities
24840
Total assets
82800
Average common shares outstanding was 13800.
O $ 6440
$ 4600
$ 8280
O $ 1840
Transcribed Image Text:Using the following balance sheet and income statement data, what is the total amount of working capital? Current assets Net income 19320 41400 Stockholders' Current liabilities 11040 57960 equity Average assets 121440 Total liabilities 24840 Total assets 82800 Average common shares outstanding was 13800. O $ 6440 $ 4600 $ 8280 O $ 1840
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