Use the Table for the Question(s)below

question 60

Multiple Choice

Use the table for the question(s) below.

-Refer to the statement of financial position above.What is Luther's net working capital in 2014?

• A)$12 million
• B)$27 million
• C)$39 million
• D)$45 million
• E)$63.6 million

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Definitions:

Loan

A financial arrangement where one party lends an asset, usually money, to another party under the condition of eventual repayment of the principal amount along with interest or charges.

Foreign Exchange Fluctuations

Variations in the value of one currency relative to another, impacting international trade and investments.

Spot Rate

The current market price for immediately exchanging one currency for another.

Forward Contract

A binding financial agreement to buy or sell an asset at a predetermined future date and price.