Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Balance Sheet Assets Liabilities Current Assets Current Liabilities Cash. . . . . . . . . . . . . . . . .

Balance Sheet

Assets

Liabilities

Current Assets

Current Liabilities

Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

48

Accounts payable. . . . . . . . . . . . . . . . . . . . .

37

Accounts receivable. . . . . . . . . . . . . . . . . .

20

Notes payable/short term debt. . . . . . . . . . .

5

Inventories. . . . . . . . . . . . . . . . . . . . . . . . . . . .

17

Total current liabilities. . . . . . . . . . . . . . . .

42

Total current assets. . . . . . . . . . . . . . . . . . . . .

85

Long-Term Assets

Long-Term Liabilities

Net property, plant, and equipment. . . . . . . . .

125

Long-term debt. . . . . . . . . . . . . . . . . . . . . . . .

136

Total long-term assets. . . . . . . . . . . . . . . . . . .

125

Total long-term liabilities. . . . . . . . . . . . . . . .

136

Total liabilities. . . . . . . . . . . . . . . . . . . .

178

Stockholders' Equity. . . . . . . . . . . . . . . . . .

32

Total assets. . . . . . . . . . . . . . . . . . . . . . . . . . .

210

Total liabilities and stockholders' Equity

210

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. 127. million

B. 43. million

C. 11 million

D. 85. million

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Corporate Finance

Authors: Richard A. Brealey, Marcus, Alan J, Myers, Stewart C.

2nd Edition

0070074860, 9780070074866

More Books

Students also viewed these Finance questions