Amount of net working capital
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An insurance company has shareholders' equity of $136,900. The firm owes a total of $71,400 of which 30% is payable within the next year. The firm has net fixed assets of $152,800. What is the amount of net working capital?
a) $21,420
b) $25,300
c) $34,080
d) $46,720
e) $55,500
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The response discusses the steps to compute the amount of net working capital.
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An insurance company has shareholders' equity of $136,900. The firm owes a total of $71,400 of which 30% is payable
within the next ...
Purchase this Solution
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