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Swinnerton Clothing Company's Balance Sheet Showed Total Current Assets of $2,250

Question 54

Multiple Choice

Swinnerton Clothing Company's balance sheet showed total current assets of $2,250, all of which were required in operations.Its current liabilities consisted of $575 of accounts payable, $300 of 6% short-term notes payable to the bank, and $145 of accrued wages and taxes.What was its net operating working capital that was financed by investors?


A) $1,454
B) $1,530
C) $1,607
D) $1,687
E) $1,771

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