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The Following Information Relates to Lobo Corporation Based on This Information, the Net Working Capital of the r

Question 9

Multiple Choice

The following information relates to Lobo Corporation:
 Cash $20,000 Accounts receivable $50,000 Marketable securities $65,000 Notes payable $10,000 Accrued wages $5,000\begin{array} { l r } \text { Cash } & \$ 20,000 \\\text { Accounts receivable } & \$ 50,000 \\\text { Marketable securities } & \$ 65,000 \\\text { Notes payable } & \$ 10,000 \\\text { Accrued wages } & \$ 5,000\end{array}
Based on this information, the net working capital of the company is: }
\end{array}\]


A) $135,000.
B) $70,000.
C) $55,000.
D) $120,000.
E) $150,000.

Correct Answer:

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