Finance - Quiz 2
Pete's Warehouse has net working capital of $2,400, total assets of $19,300, and net fixed assets of $10,200. What is the value of the current liabilities?
$6,700
Baugh and Essary reports the following account balances: inventory of $17,600, equipment of $128,300, accounts payable of $24,700, cash of $11,900, and accounts receivable of $31,900. What is the amount of the current assets?
$61,400
Which one of the following is included in net working capital?
Accounts payable
an increase in which one of the following will increase operating cash flow for a profitable, tax-paying firm?
Depreciation
An increase in which one of the following will increase net income?
Revenue
the financial statement that summarizes a firm's accounting value as of a particular date is called the:
balance sheet
Net working capital is defined as:
current assets minus current liabilities
Over the past year, a firm decreased its current assets and increases its current liabilities. As a result, the firm's net working capital:
had to decrease
the accounting statement that measures the revenues, expenses, and net income of a firm over a period of time is called the:
income statement
Operating cash flow is defined as:
the cash that a firm generates from its normal business activities