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Use the Following Information to Answer the Question Below

Question 90

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Use the following information to answer the question below.
Use the following information to answer the question below.    a. How much working capital does the firm have? b. How much net working capital does the firm have? c. What are the current ratio and total debt to total asset ratio? d. What working capital financing approach is being followed here? Explain. a. How much working capital does the firm have?
b. How much net working capital does the firm have?
c. What are the current ratio and total debt to total asset ratio?
d. What working capital financing approach is being followed here? Explain.

Correct Answer:

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a. Working capital = $75,000
b. Net work...

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