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    Exam 16: Working Capital Policy and Short-term Financing
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    Renfro Industries Balance Sheet for December 31, 20x3 Is as Follows
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Renfro Industries Balance Sheet for December 31, 20x3 Is as Follows

Question 53

Question 53

Multiple Choice

Renfro Industries balance sheet for December 31, 20x3 is as follows: Renfro Industries balance sheet for December 31, 20x3 is as follows:   What is Renfro's net working capital at the end of 20x3? A)  -$8 million B)  $36 million C)  $92 million D)  $172 million
What is Renfro's net working capital at the end of 20x3?


A) -$8 million
B) $36 million
C) $92 million
D) $172 million

Correct Answer:

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