10. Given the following assets;
I) Long-term assets
II) Inventories
III) Receivables
IV) Marketable securities
Which is the least liquid of these assets?
11. Given the following data:
Total current assets = $ 852
Total current liabilities = $ 406
Long-term debt = $ 442
Calculate the net working capital.
12. The cash budget is the primary short-term financial planning tool. The key reasons a cash budget is created are:
I) To estimate your investment in assets
II) To estimate the size and timing of your new cash flows
III) To prepare for potential financing needs
13. Net working capital is defined as: