A.

Balance Sheets A firm has inventory of $45 million, receivables of $19 million, property, plant and equipment of $73 million, other fixed assets of $14 million, accounts payables of $16 million, bank notes due in less than one year $17 million, and long term debt of $77 million.
The firm's net working capital is equal to ________ and the firm's equity is equal to ________.

$31; $41

$57; $45

$45; $41

$60; $45

B.

Statement of Cash Flows Given the following cash flow items find cash provided by operations.

Net income	$	9,100	(mill)
Gross investment in tangible assets	$	1,300
Dividends	$	1,800
Depreciation	$	1,400
Increase in receivables	$	3,300
Increase in payables	$	1,700
Additions to long term debt	$	4,200
Reduction in short term debt	$	1,200

$7,200

$8,900

$7,700

$10,500

Answer rating: 100% (QA)

Answer 1 Option A Computation is below 1A Firms Net Working Capital Current Asse... View the full answer