Your firm has the following balance sheet statement items: total current liabilities of $805,000; total assets of $2,655,000; fixed and other assets of $1,770,000; and long-term debt of $200,000. What is the amount of the firm's total current assets?
A) $885,000
B) $1,550,000
C) $600,000
D) $325,000
Which of the following is not a current asset?
A) Accounts payable
B) Marketable securities
C) Accounts receivable
D) Inventory
2) Net plant and equipment is
A) plant and equipment purchases less amount borrowed to finance purchases.
B) current year plant and equipment purchases less current year's depreciation expense.
C) gross plant and equipment less accumulated depreciation.
D) plant and equipment at current market valuations.
Your firm has the following balance sheet statement items: total current liabilities of $805,000; total assets of $2,655,000; fixed and other assets of $1,770,000; and long-term debt of $200,000. What is the amount of the firm's net working capital?
A) $25,000
B) $325,000
C) $770,000
D) $80,000
