You Are Evaluating the Balance Sheet for Epic Corporation

question 95

Multiple Choice

You are evaluating the balance sheet for Epic Corporation. From the balance sheet you find the following balances: cash and marketable securities = $500,000, accounts receivable = $200,000, inventory = $100,000, accrued wages and taxes = $50,000, accounts payable = $60,000, and notes payable = $200,000. Calculate Epic's net working capital.

• A) $490,000
• B) $540,000
• C) $690,000
• D) $800,000

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Definitions:

Sour Receptors

Specialized sensory cells located in the taste buds that detect sour tastes.

Salty Receptors

Taste receptors on the tongue that detect the presence of salt, one of the basic tastes.

Dark Adaptation

The process by which the eyes increase their sensitivity to low levels of light, enabling vision in dim conditions.

Sensory Threshold

The minimum level of intensity at which a stimulus can be detected by the senses.