JJ Enterprises Has Inventory of $11,600, Fixed Assets of $22,400

question 1

Multiple Choice

JJ Enterprises has inventory of $11,600, fixed assets of $22,400, total liabilities of $12,900, cash of $1,900, accounts receivable of $8,700, and long-term debt of $6,500. What is the net working capital?

• A) $44,600
• B) $15,700
• C) $12,600
• D) $15,800
• E) $9,300

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Definitions:

Average Provincial Tax Rate

The average provincial tax rate is a measure of the mean taxation rate imposed by a province on individuals or businesses, considering all applicable tax brackets.

Market Value

The current market transaction price for an asset or service.

Financial Position

An overview of a company's financial status, including assets, liabilities, and equity at a specific point in time.

Accounts Receivable

Unpaid revenue from customers for services or goods a company has provided.