Which of the following items is NOT normally considered to be a current asset
6. Which of the following items is NOT normally considered to be a current asset?
a. Accounts receivable.
e. Short-term, highly-liquid, marketable securities.
7. The following information for Towsontown, Inc. is provided:
Net Sales: $88,000
Operating Costs: $72,000 (doesn’t include depreciation)
Depreciation Expense: $ 7,200 (no amortization charges occurred)
Interest Rates: 10% Annual
Tax Rate: 34%
How much net cash flow did Woodley generate over the past year?
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