19.

Assets Liabilities

Current Assets Current Liabilities

Cash 46 Accounts payable 39

Accounts receivable 23 short-term accruals 5

Inventories 20

Total current assets 89 Total current liabilities 44

Long-Term Assets Long-Term Liabilities

Net property, plant,

and equipment 121 Long-term debt 133

Total long-term assets 121 Total long-term liabilities 133

Total Liabilities 177

Stockholders' Equity 33

Total Assets 210 Total Liabilities and 210

Stockholders' Equity

The above diagram shows a balance sheet for a certain company. All quantities shown are in millions of dollars. What is the company's net working capital?

.	a.) $133 million
	b.	$2 million
	c.	$45 million
	d.	$89 million

20.

Sara wants to have $600,000 in her savings account when she retires. How much must she put in the account now, if the account pays a fixed interest rate of 8%, to ensure that she has $600,000 in 20 years?

	a.	$128,729
	b.	$180,221
	c.	$231,712
	d.	$139,541