Given the Following Statement of Financial Position Data, Calculate Net

question 203

Multiple Choice

Given the following statement of financial position data, calculate net working capital: cash = $110, accounts receivable = $410, inventory = $350, net fixed assets = $1,000, accounts payable = $60, short-term debt = $375, and long-term debt = $510.

• A) -$590
• B) $0
• C) $100
• D) $435
• E) $535

---

Definitions:

Government Budget

A financial statement presenting the government's proposed revenues and spending for a fiscal period, reflecting policy priorities and economic goals.

Annually Balanced Budget

A fiscal policy goal where government revenues and expenditures are equal within a one-year period, preventing deficit or surplus.

Great Depression

A major global financial crisis that occurred in the 1930s.

Annual Revenues

The total amount of income generated by a business, government, or organization from its activities over the course of a year before any costs or expenses are deducted.