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1. ABC Co. has an average collection period of 90 days. Total credit sales for the year were $6,000,000. What is the balance in accounts receivable at year-end?

$150,000

$2,250,000

$1,500,000

$40,000

2. Total assets are $20,000, fixed assets are $5,000, long-term debt is $4,000, and short-term debt is $1,000. What is the amount of net working capital?

$14,000

$21,000

$15,000

$11,000

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92408303

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