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Use the information in the table to calculate the change in net working capital for Wayne Enterprises in Year 2. Selected Financial Information Wayne Enterprises

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Use the information in the table to calculate the change in net working capital for Wayne Enterprises in Year 2. Selected Financial Information Wayne Enterprises ($000s) Year 1 Year 2 Cash 138,469 19,675 Inventory 327,186 354,313 Total Current Assets 465,655 373,988 375,614 Total Current Liabilities 405,193 +$21,301 -$56,706 -$21,301 +$56,706 Which of the following items gives the long position the right to sell an asset at a specified price if they so choose? forward contract put option futures contract call option You are long one gold contract with a December maturity. You want to close out the position. What is the offset trade? short-sell gold in the commodity market short one December gold futures contract short one gold futures contract short one January gold futures contract Shares of VersaLife Corporation are currently trading for $30. Call options on VersaLite Corporation shares, which expire in six months with a strike price of $20, are trading for $15. A trader buys one call option contract. Assume that there is one share per contract. At maturity, what is the payoff to the call option holder if the stock price is $30? $20 $10 SO $10

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