Beta Company's balance sheet showed total current assets of $10,000, all of which were required in operations. Its current liabilities consisted of $4,000 of accounts payable, $1,250 of 7% short-term notes payable to the bank, and $1,000 of accruals. What was its net operating working capital?

Hint: NOWC = Current assets - (Current liabilities - Notes payable)

		$6,500
		$6,000
		$5,000
		$5,250
		$4,500