Your Firm Has the Following Balance Sheet Statement Items: Total

question 70

Multiple Choice

Your firm has the following balance sheet statement items: total current liabilities of $805,000; total assets of $2,655,000; fixed and other assets of $1,770,000; and long-term debt of $200,000. What is the amount of the firm's net working capital?

• A) $25,000
• B) $325,000
• C) $770,000
• D) $80,000

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