Author Question: Use the table for the question(s) below.Balance SheetAssetsLiabilitiesCurrent AssetsCurrent ... (Read 35 times)

bio_gurl · **on:** Jul 9, 2019

Use the table for the question(s) below.

Balance Sheet

Assets

Liabilities

Current Assets

Current Liabilities

Cash

50

Accounts payable

42

Accounts receivable

22

Notes payable/short-term debt

7

Inventories

17

Total current assets

89

Total current liabilities

49

Long-Term Assets

Long-Term Liabilities

Net property, plant,

and equipment

121

Long-term debt

128

Total long-term assets

121

Total long-term liabilities

128

Total Liabilities

177

Stockholders' Equity

33

Total Assets

210

Total Liabilities and

210

Stockholders' Equity

The above diagram shows a balance sheet for a certain company. If the company pays back all of its accounts payable today using cash, what will its net working capital be?
◦ $40 million
◦ $33 million
◦ $32 million
◦ $7 million

Meganchabluk · **Reply #1 on:** Jul 9, 2019

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