Author Question: Swinnerton Clothing Companys balance sheet showed total current assets of $3,050, all of which were ... (Read 86 times)

effaey · **on:** Aug 7, 2023

Swinnerton Clothing Company’s balance sheet showed total current assets of $3,050, all of which were required in operations. Its current liabilities consisted of $625 of accounts payable, $500 of 7% short-term notes payable to the bank, and $183 of accrued wages and taxes. What was its net operating working capital that was financed by investors?

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$2,242

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$2,350

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$2,407

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$2,571

ElaneShive · **Reply #1 on:** Aug 7, 2023

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