4

Classix Corp. reported the following amounts on their most recent balance sheet:

• cash & cash equivalent = $40,000
• accounts receivable = $160,000
• accounts payable = $150,000
• notes payable = $80,000
• inventories = $120,000

What is the firm's net working capital?

Select one:

a. $50,000

b. $90,000

c. $220,000

d. $260,000