Question
Crandall Oil Company has net fixed assets of $161,900 and has shareholders' equity of $137,800. The firm owes a total of $136,000 of which 60
Crandall Oil Company has net fixed assets of $161,900 and has shareholders' equity of $137,800. The firm owes a total of $136,000 of which 60 percent is payable within the next year.What is the amount of Crandall's net working capital?
A. $30,300
B. $34,300
C. $43,900
D. $48,900
E. $53,300
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Principles of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter, Wajeeh Elali, Amer Al Roubaix
Arab World Edition
1408271583, 978-1408271582
