Zumbahlen Inc. has the following balance sheet. How much total operating capital does the firm have?

Cash	$ 20.00		Accounts payable	$ 30.00
Short-term investments	50.00		Accruals	50.00
Accounts receivable	20.00		Notes payable	30.00
Inventory	60.00		Current liabilities	$110.00
Current assets	$150.00		Long-term debt	70.00
Gross fixed assets	$140.00		Common stock	30.00
Accumulated deprec.	40.00		Retained earnings	40.00
Net fixed assets	$100.00		Total common equity	$ 70.00
Total assets	$250.00		Total liab. & equity	$250.00

Select the correct answer.

a. $118.70

b. $122.60

c. $123.90

d. $120.00

e. $121.30