Jeminson's Hardware Has Accounts Payable of $682, Inventory of $3,608

question 29

Multiple Choice

Jeminson's Hardware has accounts payable of $682, inventory of $3,608, cash of $340, fixed assets of $4,211, accounts receivable of $418, and long-term debt of $3,750. What is the value of the net working capital to total assets ratio?

• A) .29
• B) .37
• C) .43
• D) .47
• E) .56

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Definitions:

Strategic Plans

A comprehensive plan outlining an organization's goals, strategies, and actions to achieve those goals over a specific period.

Tactical Plans

Short-term actions and strategies designed to achieve specific goals within a limited time frame.

Current Needs

The immediate requirements or demands of a situation, organization, or individual that need to be addressed.

Human Resource Audits

A comprehensive examination of an organization's HR policies, procedures, and practices to ensure compliance, efficiency, and effectiveness.