Uptown Men's Wear Has Accounts Payable of $2,214, Inventory of $7,950

question 42

Multiple Choice

Uptown Men's Wear has accounts payable of $2,214, inventory of $7,950, cash of $1,263, fixed assets of $8,400, accounts receivable of $3,907, and long-term debt of $4,200. What is the value of the net working capital to total assets ratio?

• A) 0.31
• B) 0.42
• C) 0.47
• D) 0.51
• E) 0.56