Table 14.2
The company earns 5 percent on current assets and 15 percent on fixed assets.The firm's current liabilities cost 7 percent to maintain and the average annual cost of long-term funds is 20 percent.
-The firm's initial net working capital is ________.(See Table 14.2)
A) $15,000
B) $13,000
C) $5,000
D) $10,000
Correct Answer:
Verified
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