Question: - Last year, J &H Corp. reported a book value of ( $ 6 5 0 ) million in current assets,

- Last year, J\&H Corp. reported a book value of \(\$ 650\) million in current assets, of which \(10\%\) is cash, \(12\%\) is short-term investments, and the rest is accounts receivable and inventory. - The company reported \(\$ 552.5\) million of current liabilities including accounts payable and accruals. Interestingly, the company had no notes payable claims last year. There were no changes in the accounts payables during the reporting period. - The company, however, invested heavily in plant and equipment to support its operations. It reported a book value of \(\$ 1,040\) million in long-term assets last year. Based on the information given to Jeffrey, he submits a report on January 1 with some important calculations for management to use, both for analysis and to devise an action plan. Which of the following statements in his report are true? Check all that apply. The firm uses \(\$ 1,059.5\) million of total net operating capital to run the business. The company has no notes payable reported in its balance sheet, so all its current liabilities are its operating liabilities. The company is using \(\$ 19.5\) million in net operating working capital acquired by investor-supplied funds. Based on the information on industry averages, J\&H Corp. would generate higher profits than the other players in the industry if all players were of a similar size and had no debt or held no financial assets. Based on the information on industry averages, other players in the industry would generate higher profits than J\&H Corp. if they had no debt and held no financial assets.
- Last year, J \ &H Corp. reported a book value

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