1. Money owed to a company by its customers is referred to as ________.

a. accounts obtainable

b. accounts payable

c. accounts receivable

d. inventory

e. accounts collectable

2. A firm's working capital is its ________.

		a. cash and cash equivalents minus its current liabilities
		b. accounts receivable minus its total accounts payable
		c. current assets minus its current liabilities
		d. inventory and accounts receivable minus its current liabilities
		e. total assets minus its total liabilities