You Are Evaluating the Balance Sheet for Ultra Corporation

question 64

Multiple Choice

You are evaluating the balance sheet for Ultra Corporation. From the balance sheet you find the following balances: cash and marketable securities = $10,000, accounts receivable = $2,000, inventory = $20,000, accrued wages and taxes = $1,000, accounts payable = $3,000, and notes payable = $10,000. Calculate Ultra's net working capital.

• A) $ 8,000
• B) $18,000
• C) $28,000
• D) $32,000

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Definitions:

Socially And Culturally

Pertaining to the ways in which social interactions and cultural norms influence behavior and relationships.

Sense Of Inferiority

A pervasive feeling of being lesser or inadequate in comparison to others, which can significantly impact one's self-esteem and behavior.

Compliant

Showing a willingness to follow rules or orders; agreeable to guidelines or requests.

Need For Affection

A psychological drive that compels individuals to seek out closeness and interpersonal warmth.