A firm reports the following balance sheet items: total current liabilities of $535,000; total assets of $2,500,000; fixed and other assets of $1,850,000; and long-term debt of $200,000. What is the amount of the firm's net working capital?
A) $115,000
B) $450,000
C) $335,000
D) $1,315,000
A
Explanation: A) NWC = C/A - C/L = $650,000 - $535,000 = $115,000
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