Which of the following assets would most likely be considered the least liquid? A. A U.S. Treasury bill B. A bond issued by Microsoft C. A share of common stock in General Electric D. A share of preferred stock in Wells Fargo. E. A Durham, North Carolina municipal bond

Which of the following statements is (are) correct? (x) Fixed assets such as plant and equipment are not part of current assets because they are not very liquid. (y) Net working capital is defined as current assets minus current liabilities and a positive value for net working capital suggests that the firm has sufficient liquidity to pay current liabilities (z) Balance sheet assets are listed in order of increasing liquidity as you move down the balance sheet. A. (x), (y) and (z) B. (x) and (y) only C. (x) and (z) only D. (y) and (z) only E. (y) only