A firm has $520 in inventory, $1,860 in fixed assets, $190 in accounts receivables, $210 in accounts payable, and $70 in cash. What is the amount of the current assets?
A.$710
B.$780
C.$990
D.$2,430
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Your firm has total assets of $4,900, fixed assets of $3,200, long-term debt of $2,900, and short-term debt of $1,400. What is the amount of net working capital?
A.-$100
B.$300
C.$600
D.$1,700
Shareholders' equity:
A.is equal to total assets plus total liabilities.
B.decreases whenever new shares of stock are issued.
C.includes long-term debt, preferred stock, and common stock.
D.represents the residual value of a firm.
Which one of the following is the financial statement that summarizes a firm's revenue and expenses over a period of time?
A. incomestatement
B. balancesheet
C. statementofcashflows
D. taxreconciliationstatement
E. marketvaluereport
Net working capital is defined as:
A. total liabilities minus shareholders' equity.
B. current liabilities minus shareholders' equity.
C. fixed assets minus long-term liabilities.
D. current assets minus current liabilities.