Assume that a certain business has $1,000 worth inventory, $1,000 cash in bank, and $10,000 receivable from customers in three m

Question

3 years ago

7

Assume that a certain business has $1,000 worth inventory, $1,000 cash in bank, and $10,000 receivable from customers in three m

onths. 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

Business

1 answer:

Tresset [83] · Answer 1 · 2022-08-11T22:59:09+03:00

Tresset [83]3 years ago

8 0

Answer:

A. $5,000

Explanation:

Plato