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Elle Mae Industries has a cash balance of $60,000, accounts payable of $200,000; inventory of $240,000; accounts receivable of $300,000; notes payable of $220,000; and
Elle Mae Industries has a cash balance of $60,000, accounts payable of $200,000; inventory of $240,000; accounts receivable of $300,000; notes payable of $220,000; and accrued wages and taxes of $50,000. How much net working capital does the firm need to fund?
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