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1. Working capital is (a) current assets less current receivables (b) current assets less current liabilities (c) rainy-day cash plus daily-needs cash 2. Current assets

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1. Working capital is (a) current assets less current receivables (b) current assets less current liabilities (c) rainy-day cash plus daily-needs cash 2. Current assets include (a) cash (b) accounts receivable (c) inventory (d) accounts payable (e) all of the above () a, b, and c (g) b, c, and d

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