Teague Industries Presented Below Is Selected Financial Data for Teague
Question 164
Question 164
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:
Verified
Unlock this answer now Get Access to more Verified Answers free of charge