please answer these questions

QUESTION 1

Selected information from a company's balance sheet follows:

Long-term debt	$ 140
Retained earnings	130
Current assets	275
Property, plant, and equipment	160
Common stock	530
Current liabilities	75

Working capital is

		$250
		$230
		$220
		$200

QUESTION 2

Current liabilities are defined as obligations that will be paid

		by refinancing through issuing new long-term liabilities
		by using existing resources properly classified as current assets
		out of a fund classified as a long-term investment
		by using existing resources, regardless of their classification

QUESTION 3

Which of the following formulas represents working capital?

		current assets - current liabilities
		quick assets - current liabilities
		current assets current liabilities
		quick assets current liabilities

QUESTION 4

Activities between affiliated entities such as subsidiaries must be disclosed in the financial statements of a corporation as

		segment analysis
		significant events
		related party transactions
		contingent activities

QUESTION 5

The ease with which an asset can be converted into cash is termed

		financial flexibility
		liquidity
		operating capability
		capital maintenance