7.

A firm has the following account balances. Which one of the following statements is correct concerning those balances?

Account	Beginning Balance	Ending Balance
Accounts receivable	$18,700	$19,600
Accounts payable	23,100	22,800
Inventory	29,700	28,600
Long-term debt	48,400	42,600
Common stock	56,000	54,500

Group of answer choices

Accounts receivable is a $900 source of cash.

Common stock is a $1,500 source of cash.

Net working capital, excluding cash, is a $1,500 use of cash.

Long-term debt is a $5,800 source of cash.

Total debt is a $6,100 use of cash.

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