The balance sheet for a small firm is shown above. All amounts are in thousands of dollars. What is this firm's Net Working Capital?
Balance Sheet
Assets Liabilities
Current Assets Current Liabilities
Cash $47 Accounts payable $40
Accounts receivable 23 Total current liabilities 40
Inventories 16
Total current assets 86
Long-Term Assets Long-Term Liabilities
Net property, plant,
and equipment 164 Long-term debt 170
Total long-term assets 164 Total long-term liabilities 170
Total Assets 250 Total Liabilities 210
Stockholders' Equity 40
Total Liabilities and Stockholders' Equity 250
A) $126 thousand
B) $7 thousand
C) $46 thousand
D) $86 thousand
Answer: C
You might also like to view...
Which of the following is true of replies to requests for credit information??
A) They are always complicated.? B) ?They always follow an inductive sequence. C) They present the main idea at the end.? D) ?They involve ethical and legal obligations.
A typical job-cost record would provide information about all of the following items related to an order except:
A. direct labor costs incurred. B. applied manufacturing overhead. C. direct labor hours worked. D. the cost of direct materials used. E. administrative costs.
The statement of cash flows ________.
A) shows the financial position of a firm at a given point of time. B) summarizes all the purchase and sale of fixed assets and raw materials C) provides insight into a firm's operating, investment, and financing cash flows D) classifies a firm's cash flows as operating, investing, financing, and other activities
The probability of the intersection of two events is known as a ________ probability
A) marginal B) joint C) simple D) prior