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Daisy D Industries Has a Cash Balance of $75,000; Accounts

Question 31

Multiple Choice

Daisy D Industries has a cash balance of $75,000; accounts payable of $140,000; inventory of $300,000; accounts receivable of $350,000; notes payable of $145,000; and accrued wages and taxes of $80,000. How much net working capital does the firm need to fund?


A) $285,000
B) $60,000
C) $440,000
D) $360,000

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