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Business, 28.05.2021 01:00 rleiphart1
Assume that a certain business has $1,000 worth inventory, $1,000 cash in bank, and $10,000 receivable from customers in three months. Further, the business needs to pay a short-term loan worth $5,000 in less than six months. What might be the working capital requirement of this business?
A.
$5,000
B.
$6,000
C.
$7,000
D.
$8,000
E.
$12,000
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Answers: 2
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Assume that a certain business has $1,000 worth inventory, $1,000 cash in bank, and $10,000 receivab...
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