1. A firm has current assets of $36,000, cash of $5,000, current liabilities of $20,000, total assets of $80,000 and total liabilities of $45,000. What is its net working capital?

$16,000

$28,000

$35,000

$44,000

2. The cash cycle measures the days required to produce finished goods or delivered services.

True

False

3. What is the five-year discount factor given a 15% annual discount rate?

0.497

0.750

0.625

0.250

5. Which components should Enterprise Free Cash Flows include?

I. Capital expenditures

II. Financing costs

III. Taxes

IV. Working capital requirements

I and IV

I, II and IV

I , III and IV

I, II, III, IV