Answered: 25 - In the balance sheet of a firm,…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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25 -

In the balance sheet of a firm, cash and marketable securities are 300.000 TL, trade receivables: 1.200.000 TL, inventories 2.400.000 TL; short-term liabilities give a balance of 2.300.000 TL and long-term liabilities give a balance of 1.400.000 TL. What is the firm's net working capital?

a)	4,000,000 TL

B)	2.500.000 TL

NS)	800.000 TL

D)	1.600.000 TL

TO)	1.800.000 TL

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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