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 :