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Questions-
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?
1. $16,0002. $28,0003. $35,0004. $44,000
2. Common-size income statements and balance sheets are created using which common base items (respectively)?
1. Sales and total assets2. Sales and total liabilities3. Operating income and total assets4. Net income and total equity
Additional information-
These questions belong to Accounting and it discusses about two multiple choice questions.
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