Text the working capital of a company is equal to

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Question 9Question textThe working capital of a company is equal to:Select one:a. current assets less current liabilities.
b. total assets less current assets. c. stockholders' equity. d. long-term assets less current assets. FeedbackThe correct answer is: current assets less current liabilities.
Question 10Question textThe gross profit percentage decreased from 36.5% in 2014 to 24.8% in 2015. What is the trend in this change?
Question 11Question text(T / F) A company that is quite profitable may find it difficult to pay its accounts payable if a large portion of its sales are made on accounts receivable.
Question 2Question text(T / F) When ending inventory is misstated in the current year, companies carry that misstatement forwardinto the next year.
Question 3Question text(T / F) Specific identification attaches actual cost of each unit of product to units in ending inventory and cost of goods sold.Select one:True False FeedbackThe correct answer is 'True'.
Question 4Question text(T / F) FIFO assumes that the costs of the first goods purchased are those charged to cost of goods sold when goods are sold. During periods of rising prices, FIFO creates higher net income since the costs charged to cost of goods sold are lower.
Question 5Question text(T / F) LIFO (last-in, first-out): Ending inventory consists of the oldest costs.

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