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Homework answers / question archive / Swinnerton Clothing Company's balance sheet showed total current assets of $900, all of which were required in operations
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?
a. $-610 *b. $ 610 c. $-110 d. $ 110
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