The Following Information Relates to Lobo Corporation Based on This Information, the Net Working Capital of the r

question 48

Multiple Choice

The following information relates to Lobo Corporation:
$$\begin{array} { l r } \text { Cash } & \$ 20,000 \\\text { Accounts receivable } & \$ 50,000 \\\text { Marketable securities } & \$ 65,000 \\\text { Notes payable } & \$ 10,000 \\\text { Accrued wages } & \$ 5,000\end{array}$$
Based on this information, the net working capital of the company is: }
\end{array}\]

• A)$135,000.
• B)$70,000.
• C)$55,000.
• D)$120,000.
• E)$150,000.

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Definitions:

Blood Typing

A laboratory procedure to determine an individual's blood group, crucial for safe blood transfusions and understanding Rh compatibility.

Antibodies

Proteins produced by the immune system to identify and neutralize foreign objects like bacteria and viruses.

Universal Donor

Refers to individuals with O-negative blood type, whose red blood cells can be transferred in a transfusion to individuals of any other blood type without causing an adverse reaction.

Anti-B Antibodies

Antibodies present in the plasma of individuals with blood type A, which react against B antigens in red blood cells.