Using the following balance sheet and income statement data, what is the total amount of working capital?Current assetsNet income1932041400Stockholders'Current liabilities1104057960equityAverage assets121440Total liabilities24840Total assets82800Average common shares outstanding was 13800.O $ 6440$ 4600$ 8280O $ 1840

Working Capital = Current Assets - Current Liabilities

Answered: Using the following balance sheet and…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Given the following information, what is the ratio of liabilities to stockholders’ equity?
Debt to Assets ratio? Current assets $22400 Net income $44500 Stockholders' Current liabilities 13400 66400 equity Average assets 132000 Total liabilities 28600 Total assets 87000 Average common shares outstanding was 17000. 21.7 percent 43.8 percent 32.9 percent 33.7 percent
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use the information to make a common size balance sheet
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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