Net working capitali. Net working capital may be defined as current assets minus

Net working capitali. Net working capital may be defined as current assets minuscurrent liabilities. This also defines the current ratio.a. Trueb. FalseMotives for holding cashii. Firms hold cash balances in order to complete transactions thatare necessary in business operations and as compensation to banksfor providing loans and services.a. Trueb. FalseCash discountsiii. If you receive some goods on April 1 with the following terms;3/20 net 30 June 1 dating it means that you will receive a 3percent discount if the bill is paid on or before June 20 andthat the full amount must be paid 30 days after receipt of thegoods.a. True