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Sing Lee's Has Accounts Payable of $300, Inventory of $250

Question 188

Multiple Choice

Sing Lee's has accounts payable of $300, inventory of $250, cash of $50, fixed assets of $500, accounts receivable of $200, and long-term debt of $400. What is the value of the net working capital to total assets ratio?


A) .20
B) .33
C) .40
D) .50
E) .67

Correct Answer:

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