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Swinnerton Clothing Company's balance sheet showed total current assets of $2,275, 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 $2,275, 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?

Select the correct answer.

a. $1,547
b. $1,538
c. $1,542
d. $1,551
e. $1,555

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