Swinnerton Clothing Company's balance sheet showed total current assets of $2,450, all of which were required in operations. Its current liabilities consisted of $550 of accounts payable, $300 of 5% short-term notes payable to the bank, and $165 of accrued wages and taxes. What was its net operating working capital that was financed by investors? Group of answer choices $1,892 $1,659 $1,812 $1,976 $1,735
Swinnerton Clothing Company's balance sheet showed total current assets of $2,450, all of which were required in operations. Its current liabilities consisted of $550 of accounts payable, $300 of 5% short-term notes payable to the bank, and $165 of accrued wages and taxes. What was its net operating working capital that was financed by investors? Group of answer choices $1,892 $1,659 $1,812 $1,976 $1,735
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Swinnerton Clothing Company's balance sheet showed total current assets of $2,450, all of which were required in operations. Its current liabilities consisted of $550 of accounts payable, $300 of 5% short-term notes payable to the bank, and $165 of accrued wages and taxes. What was its net operating working capital that was financed by investors?
Group of answer choices
$1,892
$1,659
$1,812
$1,976
$1,735
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