Question 2

Angles Brokers generated net income of $233,412 this year. At year end, the company had accounts receivables of $47,199, inventory of $63,781, and cash of $21,461. It also had accounts payables of $51,369, short-term notes payables of $11,417, and accrued taxes of $6,145. The net working capital of the firm is

	a.	$69,655
	b.	$63,510
	c.	$70,000
	d.	$68,931