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7. Rao Corporation has the following balance sheet. How much net operating working capital does the firm have? Cash $ 10 Accounts payable $ 20
7. Rao Corporation has the following balance sheet. How much net operating working capital does the firm have?
Cash
$ 10
Accounts payable
$ 20
Short-term investments
30
Accruals
20
Accounts receivable
50
Notes payable
50
Inventory
40
Current liabilities
$ 90
Current assets
$130
Long-term debt
60
Net fixed assets
100
Common equity
30
Retained earnings
50
Total assets
$230
Total liab. & equity
$230
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