Which one of the following statements concerning net working capital is correct?

Which of the following are included in current liabilities? I. note payable to a supplier in eight months II. amount due from a customer next month III. account payable to a supplier that is due next week IV. loan payable to the bank in fourteen months    A.  I and III only B.  II and III only C.  I, II, and III only D.  I, III, and IV only E.  I, II, III, and IV Refer to section 2.1

17.	Which one of the following will increase the value of a firm's net working capital?    A.  using cash to pay a supplier B.  depreciating an asset C.  collecting an accounts receivable D.  purchasing inventory on credit E.  selling inventory at a profit Refer to section 2.1

18.

Which one of the following statements concerning net working capital is correct?    A.  Net working capital increases when inventory is purchased with cash. B.  Net working capital must be a positive value. C.  Total assets must increase if net working capital increases. D.  A decrease in the cash balance may or may not decrease net working capital. E.  Net working capital is the amount of cash a firm currently has available for spending. Refer to section 2.1

19.

Which one of the following statements concerning net working capital is correct?    A.  The lower the value of net working capital the greater the ability of a firm to meet its current obligations. B.  An increase in net working capital must also increase current assets. C.  Net working capital increases when inventory is sold for cash at a profit. D.  Firms with equal amounts of net working capital are also equally liquid. E.  Net working capital is a part of the operating cash flow. Refer to section 2.1

20.	Which one of the following accounts is the most liquid?    A.  inventory B.  building C.  accounts receivable D.  equipment E.  land Refer to section 2.1