Table 14.2 Assets Current assets Fixed assets Flum Packages, Inc. Liabilities & Equity $10,000 Current Liabilities $ 5,000 20,000 Long-term debt 12.000 Equity 13,000 $30.000 Total $30,000 Total 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 networking capital is (See Table 14.2) O A. $13.000 OB. $15,000 O C. $5,000 OD. $10,000 A firm has an operating cycle of 120 days, an average collection period of 40 days, and an average payment period of 30 days. The firm's average age of inventory is days. O A. 90 OB. 50 O C. 80 OD. 70