Which Statement Is Correct Given the Following Statement of Financial

question 398

Multiple Choice

Which statement is correct given the following statement of financial position information?

• A) Accounts receivable was a source of $345 cash.
• B) Inventory was a use of $398 of cash.
• C) Net working capital was a use of $408 of cash.
• D) Accounts payable was a source of $461 cash.
• E) Net working capital was a source of $514 of cash.

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Definitions:

Ritualistic Behavior

Repeated actions performed in a specific sequence, often with symbolic meaning, and sometimes related to cultural or religious practices.

Stubborn

Showing determination not to change one's attitude or position on something, especially in spite of good arguments or reasons to do so.

Customary Pricing

Setting prices based on what is traditionally expected or accepted within the market or among competitors.

Cost-plus Pricing

An approach to pricing in which a sale price is established by adding a specific extra amount to the product's per-unit cost.