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Warehouse has net working capital of $2,400, total assets of $19,300, and net fixed assets of $10,200. What is the value of the current liabilities? a. -$6,700 b. -$2,900 c. $2,900 d. $6,700 e. $11,500

Warehouse has net working capital of $2,400, total assets of $19,300, and net fixed assets of $10,200. What is the value of the current liabilities? a. -$6,700 b. -$2,900 c. $2,900 d. $6,700 e. $11,500

FINANCIAL ACCOUNTING
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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What is the value of the current liabilities?

Warehouse has net working capital of $2,400, total assets of $19,300, and net fixed assets of $10,200. What is the value of the current liabilities? a. -$6,700 b. -$2,900 c. $2,900 d. $6,700 e. $11,500
Transcribed Image Text:Warehouse has net working capital of $2,400, total assets of $19,300, and net fixed assets of $10,200. What is the value of the current liabilities? a. -$6,700 b. -$2,900 c. $2,900 d. $6,700 e. $11,500
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