25) 25) A firm's short-term assets and its short-term liabilities are referred to as the firm's: A) working capital. B) net capital. C) investment capital. D) debt. E) capital structure. 26) 26) Which of the following individuals have unlimited liability for a firm's debts based on their ownership interest? A) Both limited and general partners B) Both general partners and sole proprietors C) Only sole proprietors D) All stockholders E) Only general partners 27) 27) All-State Moving had sales of $899,000 in 2017 and $967,000 in 2018. The firm's current accounts remained constant. Given this information, which one of the following statements must be true? A) The days' sales in receivables increased. B) The fixed asset turnover decreased. C) The net working capital turnover rate increased. D) The receivables turnover rate decreased. E) The total asset turnover rate increased. 28) 28) Working capital management decisions include determining: A) if a competitor should be acquired. B) the number of employees needed to work during a particular shift. C) when to replace obsolete equipment. D) the minimum level of cash to be kept in a checking account. E) the best method of producing a product. 29) - 29) An increase in which one of the following will increase a firm's quick ratio without affecting its cash ratio? A) Fixed assets B) Accounts payable C) Cash D) Accounts receivable E) Inventory