Solved

Flum Packages, Inc -The Firm's Initial Net Working Capital Is____________
A) $13,000
B)

Question 263

Multiple Choice

Flum Packages, Inc.

 Assets  Liabilities & Equity  Current assets $10,000 Current Liabilities $5,000 Fixed assets 20,000 Long-term debt 12,000 Equity 13,000 Total $30,000 Total $30,000\begin{array}{lrlr}\text { Assets }&&\text { Liabilities \& Equity }\\\hline \text { Current assets } & \$ 10,000 & \text { Current Liabilities } & \$ 5,000 \\\text { Fixed assets } & 20,000 & \text { Long-term debt } & 12,000 \\& & \text { Equity } & 13,000\\&----&&---\\\text { Total }&\$30,000&\text { Total }&\$30,000\\\end{array}
-The firm's initial net working capital is____________


A) $13,000
B) -$5,000
C) $10,000
D) $5,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions