Using the following balance sheet and income statement data, what is the working capital? Current assets...

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Using the following balance sheet and income statement data, what is the working capital? Current assets $ 7,000 Net income $ 15,000 Current liabilities 4,000 Stockholders' equity 21,000 Total liabilities 9,000 Average assets 44,000 Total assets 30,000 O a $3,000 Ob. $21,000 O $15,000 O d. $35,000 Using the following balance sheet and income statement data, what is the working capital? Current assets $ 7,000 Net income $ 15,000 Current liabilities 4,000 Stockholders' equity 21,000 Total liabilities 9,000 Average assets 44,000 Total assets 30,000 O a $3,000 Ob. $21,000 O $15,000 O d. $35,000

Answer rating: 100% (QA)

Working Capital is the measure of short term liquidity of the business It indicates the ... View the full answer