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UVW Limited has total current assets of $3,500 (with $500 in marketable securities not used for current operations). UVW's current liabilities consist of $975 of
UVW Limited has total current assets of $3,500 (with $500 in marketable securities not used for current operations). UVW's current liabilities consist of $975 of accounts payable, $600 of 5% short term notes payable to the bank, and $250 of accrued wages and taxes. What is UVW Limited's net operating working capital?
Select one:
a. Less than $2,000
b. Between $2,000 and $2,100
c. Between $2,100 and $2,200
d. Between $2,200 and $2,300
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