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Swinnerton Clothing Company's balance sheet showed total current assets of $3,125, all of which were required in operations. Its current liabilities consisted of $575 of
Swinnerton Clothing Company's balance sheet showed total current assets of $3,125, all of which were required in operations. Its current liabilities consisted of $575 of accounts payable, $300 of 6% short-term notes payable to the bank, and $145 of accrued wages and taxes. What was its net operating working capital that was financed by investors?
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Answer a 1405 operating current assets 2125 ...
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