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Elle Mae Industries has a cash balance of $69,000, accounts payable of $245,000; inventory of $285,000; accounts receivable of $345,000; notes payable of $229,000; and
Elle Mae Industries has a cash balance of $69,000, accounts payable of $245,000; inventory of $285,000; accounts receivable of $345,000; notes payable of $229,000; and accrued wages and taxes of $59,000. How much net working capital does the firm need to fund?
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