Current assets	$ 8,000		Net income	$ 20,000
Current liabilities	4,000		Stockholders' equity	24,000
Average assets	44,000		Total liabilities	16,000
Total assets	40,000

Average common shares outstanding was 10,000

17.	What is the total amount of working capital?
	A)	$32,000
	B)	$24,000
	C)	$12,000
	D)	$4,000

18.	What is the debt to total assets?
	A)	50 percent
	B)	40 percent
	C)	36.4 percent
	D)	10 percent

19.	What is the earnings per share?
	A)	$4.00
	B)	$2.00
	C)	$0.80
	D)	$2.40

20.	What is the current ratio?
	A)	2.75: 1
	B)	2.5: 1
	C)	2.00 : 1
	D)	0.51: 1

21.	Debt and obligations of a business are referred to as
	A)	equities.
	B)	liabilities.
	C)	assets.
	D)	expenses.

22.	On a classified balance sheet, companies usually list current assets
	A)	in alphabetical order.
	B)	with the largest dollar amounts first.
	C)	in the order of acquisition.
	D)	in the order in which they are expected to be converted into cash.

23.	To show how successfully your business performed during a period of time, you would report its revenues and expense in the
	A)	balance sheet.
	B)	retained earnings.
	C)	statement of cash flows.
	D)	income statement retained.