Accounts payable are a component of:

A) Net working capital.
B) Current assets.
C) Long-term debt.
D) Fixed assets.
E) Shareholders' equity.

Accounts Payable

A liability to a creditor, usually for purchases of goods and services.

Net Working Capital

Net Working Capital is a financial metric that measures a company's ability to meet its short-term obligations with its short-term assets.

Current Assets

Assets that are expected to be converted into cash or used up within one year or one business cycle, whichever is longer, such as cash, inventory, and receivables.