Shareholders' Equity in a fiRm Is $500

question 330

Multiple Choice

Shareholders' equity in a firm is $500. The firm owes a total of $400 of which 75 percent is payable this year. The firm has net fixed assets of $600. What is the amount of the net working capital?

• A) -$200
• B) -$100
• C) $0
• D) $100
• E) $200

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Definitions:

Ureter

A pair of muscular tubes that transport urine from the kidneys to the bladder.

Nephron

The functional unit of the kidney, responsible for urine formation.

Renal Cortex

The outer part of the kidney where initial filtering of blood occurs.

Functional Unit

The smallest part of an organ that can perform all of the functions of that organ.