The Above Diagram Shows a Balance Sheet for a Certain

question 4

Multiple Choice

The above diagram shows a balance sheet for a certain company. All quantities shown are in millions of dollars. What is the company's net working capital?

• A)$133 million
• B)$2 million
• C)$89 million
• D)$45 million

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Definitions:

Cost of Goods Sold

Expenses specifically related to producing the items that a business markets and sells.

Balance Sheet

This report presents a summary of a firm's financial status by listing its resources, debts, and the equity held by investors on a certain date.

Spreadsheet

A digital tool or program that allows users to organize, calculate, and analyze data across a grid of rows and columns.

Job-Order Costing

An accounting system used to ascertain costs for each job or project separately, often used in manufacturing or service industries where each job is different.