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
Correct Answer:
Verified
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