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The formula (Current assets - Excess cash) - (Current liabilities - Notes payable) is used to calculate a. short-term debt. b. net operating working capital

The formula (Current assets - Excess cash) - (Current liabilities - Notes payable) is used to calculate a. short-term debt. b. net operating working capital (NOWC). c. working capital. d. "free" liabilities. e. net working capital (NWC)

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