Morgantown Movers Has Net Working Capital of $11,300,current Assets of $31,200,equity

question 104

Multiple Choice

Morgantown Movers has net working capital of $11,300,current assets of $31,200,equity of $53,400,and long-term debt of $11,600.What is the amount of the net fixed assets?

• A)$31,800
• B)$32,900
• C)$45,500
• D)$48,100
• E)$53,700

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Definitions:

Tides

The regular rise and fall of sea levels caused by the gravitational forces exerted by the Moon and the Sun on the Earth's oceans.

Exposed Rock

Areas where bedrock, or the solid rock underlying loose deposits such as soil, is visible on the surface without any vegetation or soil covering it.

Complete Rock Cycle

The series of processes by which rocks are formed, broken down, and transformed into other rock types over time, involving the Earth's crust and upper mantle.

Magma

The hot, molten rock found beneath the Earth's surface that can form igneous rocks upon cooling.