Question: Teague Industries Presented below is selected financial data for Teague Industries for the current year: Current assets: Current liabilities Cash and cash equivalents $3,513 Accounts

Teague Industries

Presented below is selected financial data for Teague Industries for the current year:

Current assets:

Current liabilities

Cash and cash equivalents

$3,513

Accounts payable

$5,365

Shortterm

investments

1,565

Other current liabilities

2,882

Receivables, net

1,861

Total current liabilities

8,247

Merchandise inventories

6,185

Noncurrent liabilities

5,156

Other current assets

1,925

Shareholders' Equity

6,230

Total current assets

15,049

Total liabilities and shareholders' equity

$19,633

Noncurrent assets

4,584

Total assets

$19,633

Revenues

$50,826

Costs and Expenses

45,963

Operating Income

4,863

Other income/expense (including interest expense of $50)

(26)

Income before income tax

4,837

Income tax expense

(1,439)

Net income

$3,398

Previous Years' Financial Data

Total Assets

$17,120

Shareholders' Equity

3,990

Working capital for Teague Industries is ________.

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