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Elle Mae Industries has a cash balance of $53,000, accounts payable of $165,000; inventory of $205,000; accounts receivable of $265,000; notes payable of $213,000; and
Elle Mae Industries has a cash balance of $53,000, accounts payable of $165,000; inventory of $205,000; accounts receivable of $265,000; notes payable of $213,000; and accrued wages and taxes of $43,000. How much net working capital does the firm need to fund?
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