The above diagram shows a balance sheet for a certain company. All quantities shown are in millions of dollars. What is the company's net working capital?
Balance Sheet
Assets Liabilities
Current Assets Current Liabilities
Cash 46 Accounts payable 39
Accounts receivable 23 Notes payable/short-term debt 5
Inventories 20
Total current assets 89 Total current liabilities 44
Long-Term Assets Long-Term Liabilities
Net property, plant,
and equipment 121 Long-term debt 133
Total long-term assets 121 Total long-term liabilities 133
Total Liabilities 177
Stockholders' Equity 33
Total Assets 210 Total Liabilities and 210
Stockholders' Equity
A) $133 million
B) $2 million
C) $89 million
D) $45 million
Answer: D
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What will be an ideal response?
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