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?
$\begin{array}{lcr}\text { Cash } & \$ 10 \text { Accounts payable } & \$ 20 \\\text { Short-term investments } & \text { Accruals } & 20 \\\text { Accounts receivable } & \text { 50Notes payable } & 50 \\\text { Inventory } & \$ 40 \text { Current liabilities } & 90 \\\text { Current assets } & \$ 130 \text { Long-term debt } & 00 \\\text { Net fixed assets } & \$ 100 \text { Common equity } & 30 \\& \text { Retained earnings } & 50\\\text { Total assets } & \text { \$ 230 Total liab. \& equity . } &\$2 30 \\\end{array}$

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