finance

Over the past year, a firm increased its current assets and decreased its current liabilities. As a result, the firm net working capital: had to increase. had to decrease. could have remained constant. could have either increased, decreased, or remained constant. was unaffected as the changes occurred in the firm's current accounts. Which one of the following statements is correct? Accounts payable is the amount due from customers. Net working capital can be positive, negative, or zero. Bonds are included in net working capital. The amount of retained earnings is found on the income statement. Depreciation increases total assets. Which of the following will increase the liquidity level of a firm? the purchase of inventory for cash the sale of inventory on credit the sale of inventory for cash the collection of accounts receivable A. III only IV only III and IV only I, II, and III only II, III, and IV only The cost of goods sold: is equal to the variable cost per unit multiplied by the number of units sold. is equal to the fixed costs of production for the time period. includes all manufacturing costs incurred during the income statement period. includes period costs only. includes both the fixed and the variable costs of producing the items included in revenue