ABC Company has the following current assets and current liabilities info on its balance sheet. How much net operating working capital does the firm have? Cash $49 Accounts payable $55 Short-term investments 20 Accruals 41 Accounts receivable 65 Notes payable 10 Inventory 50 Current assets $49+20+65+50 Current liabilities $55+41+10 Group of answer choices $88 $78 $58 $68 $48
ABC Company has the following current assets and current liabilities info on its balance sheet. How much net operating working capital does the firm have? Cash $49 Accounts payable $55 Short-term investments 20 Accruals 41 Accounts receivable 65 Notes payable 10 Inventory 50 Current assets $49+20+65+50 Current liabilities $55+41+10 Group of answer choices $88 $78 $58 $68 $48
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 18MCQ
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Question
ABC Company has the following current assets and current liabilities info on its balance sheet. How much net operating working capital does the firm have?
Cash | $49 | Accounts payable | $55 |
Short-term investments | 20 | Accruals | 41 |
Accounts receivable | 65 | Notes payable | 10 |
Inventory | 50 | ||
Current assets | $49+20+65+50 | Current liabilities | $55+41+10 |
Group of answer choices
$88
$78
$58
$68
$48
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