Rao Corporation Has the Following Balance Sheet A)$5400
B)$60

Rao Corporation has the following balance sheet.How much net operating working capital does the firm have? $$\begin{array} { l l r } \text { Cash } & \$ 10 \text { Accounts payable } & \$ 20 \\\text { Short-term investments } & \text { Accruals } & 20 \\\text { Accounts receivable } & 50 \text { Notes payable } & 50 \\\text { Inventory } & { \text {40 Current liabilities } } & 90 \\\text { Current assets } & \$ 130 \text { Long-term debt } & 0 \\\text { Net fixed assets } & 100 \text { Common equity } & 30 \\& \text { Retained earnings } & 50 \\\text { Total assets } & \$ 230 \text { Total liab. \& equity } & \$ 230\end{array}$$

A) $54.00
B) $60.00
C) $66.00
D) $72.60
E) $79.86