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Assume a company is considering paying back all of its accounts payable using its cash. The balance sheet shown below reports the current information at
Assume a company is considering paying back all of its accounts payable using its cash. The balance sheet shown below reports the current information at the firm before paying back its accounts payable What would the firm's net working capital be if the firm uses its cash to eliminate the accounts payable?
All numbers in millions.
Current Assets Current Liabilities
Cash Accounts payable
Accounts receivable Notes payableshortterm debt
Inventories
Total current assets Total current liabilities
LongTerm Assets LongTerm Liabilities
Net property, plant,
and equipment Longterm debt
Total longterm assets Total longterm liabilities
Total Liabilities
Stockholders' Equity
Total Assets Total Liabilities and
Stockholders' Equity
Group of answer choices
$ million
$ million
$ million
$ million
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