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A. Balance Sheets A firm has inventory of $45 million, receivables of $19 million, property, plant and equipment of $73 million, other fixed assets of

A.

Balance Sheets A firm has inventory of $45 million, receivables of $19 million, property, plant and equipment of $73 million, other fixed assets of $14 million, accounts payables of $16 million, bank notes due in less than one year $17 million, and long term debt of $77 million.
The firm's net working capital is equal to ________ and the firm's equity is equal to ________.

$31; $41

$57; $45

$45; $41

$60; $45

B.

Statement of Cash Flows Given the following cash flow items find cash provided by operations.

Net income$9,100(mill)
Gross investment in tangible assets$1,300
Dividends$1,800
Depreciation$1,400
Increase in receivables$3,300
Increase in payables$1,700
Additions to long term debt$4,200
Reduction in short term debt$1,200

$7,200

$8,900

$7,700

$10,500

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