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10. Elle Mae Industries has a cash balance of $58,000, accounts payable of $190,000; inventory of $230,000; accounts receivable of $290,000; notes payable of $218,000;
10. Elle Mae Industries has a cash balance of $58,000, accounts payable of $190,000; inventory of $230,000; accounts receivable of $290,000; notes payable of $218,000; and accrued wages and taxes of $48,000. How much net working capital does the firm need to fund?
a. $110,000
b. $170,000
c. $58,000
d. $122,000
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