A Firm Has the Following Balance Sheet Information: Total Assets

question 44

Multiple Choice

A firm has the following balance sheet information: total assets = $100,000; current assets = $30,000; inventories = $10,000; cash = $5,000; total liabilities = $30,000; current liabilities = $15,000; and notes payable = $2,000. What is the firm's net-working-capital-to-total-assets ratio?

• A)0.11
• B)0.13
• C)0.15
• D)0.17

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