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29 December, 10:16

2. Swinnerton Clothing Company's balance sheet showed total current assets of $900, all of which were required in operations. Its current liabilities consisted of $200 of accounts payable, $500 of 6% short-term notes payable to the bank, and $90 of accrued wages and taxes. What was its net operating working capital that was financed by investors?

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  1. 29 December, 12:39
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    net operating working capital = $610

    Explanation:

    given data

    total current assets = $900

    current liabilities = $200

    accrued wages and taxes = $90

    to find out

    net operating working capital

    solution

    we get here net operating working capital will be express as

    net operating working capital = total current assets - current liabilities - accrued wages and taxes ... 1

    put here value in equation 1 we get

    net operating working capital = $900 - $200 - $90

    net operating working capital = $610
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