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Which one of these is a correct definition? Net working capital equals current assets plus current liabilities. Current assets are assets with short lives, such

Which one of these is a correct definition?

Net working capital equals current assets plus current liabilities.

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

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