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

question 14

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

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