Teague Industries Presented Below Is Selected Financial Data for Teague
Question 9
Question 9
Multiple Choice
Teague Industries Presented below is selected financial data for Teague Industries for the current year: Current assets: Cash and cash equivalents Short-term investments Receivables, net Merchandise inventories Other current assets Total current assets Noncurrent assets Total assets Revenues Costs and Expenses Operating Income Other income/expense (including interest expense of $50 ) Income before income tax Income tax expense Net income $3,5131,5651,8616,1851,92515,0494,584$19,633$50,82645,9634,863(26) 4,837(1,439) $3,398 Current liabilities Accounts payable Other current liabilities Total current liabilities Noncurrent liabilities Shareholders’ Equity Total liabilities and shareholders’ equity $5,3652,8828,2475,1566,230$19,633
Previous Years' Financial Data Total Assets Shareholders’ Equity $17,1203,990 Working capital for Teague Industries is ________.
A) $6,230 B) $6,802 C) $1,852 D) $11,386
Correct Answer:
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