A company has the following balance sheet. What is its total operating capital?

Cash	$ 20	Accounts payable	$ 30
Short-term investments	30	Accruals	50
Accounts receivable	20	Notes payable	10
Inventory	60	Current liabilities	90
Current assets	130	Long-term debt	70
Gross fixed assets	140	Common stock	30
Accumulated deprec.	40	Retained earnings	40
Net fixed assets	100	Total common equity	70
Total assets	$230	Total liab. & equity	$230

	a.	$120
	b.	$ 90
	c.	$150
	d.	$230
	e.	$200