The Following Information Relates to Zync Corporation Based on the Information Given Above, the Net Working Capital

question 64

Multiple Choice

The following information relates to Zync Corporation:
$\begin{array}{ll}\text { Current assets } & \$ 200,000 \\\text { Current liabilities } & \$ 150,000 \\\text { Long-term assets } & \$ 600,000 \\\text { Long-term liabilities } & \$ 400,000\end{array}$
Based on the information given above, the net working capital of the company is:

• A)$250,000.
• B)$50,000.
• C)$350,000.
• D)$10,000,000.
• E)$650,000.

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Definitions:

Money Supply

The entire sum of monetary holdings accessible in an economy at a certain period.

Travelers Checks

Preprinted, fixed-amount checks designed to allow the person signing them to make payments or exchange for local currency, used mainly by travelers to protect against theft or loss.

M1 Balance

The most liquid components of the money supply, including physical currency, demand deposits, and other assets that can quickly be converted to cash.

Currency

A form of currency widely accepted in a specific nation or economic setting.