Which one of these is a correct definition?

Current assets are assets with short lives, such as inventory.

Current liabilities are debts that must be repaid in 18 months or less.

Tangible assets are fixed assets such as patents.

Long-term debt is defined as a residual claim on a firms assets.

Net working capital equals current assets plus current liabilities.

Financial managers should primarily strive to:

maximize the current profits of the firm.

maximize current dividends even if doing so adds financial distress costs to the firm.

maximize current market share in every market in which the firm participates.

minimize costs while increasing current dividends.

maximize the current value per share of existing stock.