1. Balance Sheet You are evaluating the balance sheet for Cypress Corporation. From the balance sheet you find the following balance: Cash and markable securities =$610,000, Account receivable =$810,000, Inventory =$510,000, Accrued wages and taxes =$51,000, Account payable =$201,000, and Notes payable =$1,010,000. What is Cypress's net working capital?
a. $3,192,000 b. $1.930,000 c. $1,262,000 d. $668,000
2. Which of the following is Not a function of the boaed of directors?
a. Provide reports to the auditors.
b. Design compensation contracts for the CEO.
c. Hire the CEO.
d. Evaluate the CEO.