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Select and EXPLAIN your answer. No participation credit will be awarded for simply choosing an answer below. Prezas Companys balance sheet showed total current assets
Select and EXPLAIN your answer. No participation credit will be awarded for simply choosing an answer below.
Prezas Companys balance sheet showed total current assets of $4,250, all of which were required in operations. Its current liabilities consisted of $975 of accounts payable, $600 of 6% short-term notes payable to the bank, and $250 of accrued wages and taxes. What was its net operating working capital?
a. $2,874
b. $3,025
c. $3,176
d. $3,335
e. $3,502
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