1. Current assets include cash plus assets that are expected to turn to cash within which period of time? Within one year Within the operating cycle Within one year or the operating cycle, whichever is i longer ets minus current liabilities? Within one year or the operating cycle, whichever is shorter 2. Which of the following is defined as current assets minus current liabilities? V Net worth Owner's equity Stockholders' equity urrent assets of $200,000; curi rs' equity of $145,000. What is Working capital 3. A company has current assets of $60,000; noncurrent assets of $200,000; current liabilities of $40,000; noncurrent liabilities of $75,000; and stockholders' equity of $145,000. What is the amount of its working capital? $20,000 $60,000 $145,000 merchandiser's operating cycle? $220,000 4. Which of the following indicates the length of a merchandiser's operating cycle? One year Its days' sales in receivables Its days' sales in inventory erms of net 30 days. If the company's in is 9 times, what is the approximate len The total of its days' sales in inventory plus its days' sales in receivables 5. A company's customers are given trade credit terms of net 30 days. If the company's inventory turnover ratio is 3 times and its accounts receivable turnover ratio is 9 times, what is the approximate length of the company's operating cycle? 30 days 90 days liquid asset? 120 days 160 days