ABC Company has the following current assets and current liabilities info on its balance sheet. How much net operating working capital does the firm have? Cash                $49 Accounts payable                  $55 Short-term investments                  20 Accruals                   41 Accounts receivable                  65 Notes payable                   10 Inventory                  50         Current assets      $49+20+65+50   Current liabilities         $55+41+10 Group of answer choices $88 $78 $58 $68 $48

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 18MCQ
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ABC Company has the following current assets and current liabilities info on its balance sheet. How much net operating working capital does the firm have?

Cash                $49 Accounts payable                  $55
Short-term investments                  20 Accruals                   41
Accounts receivable                  65 Notes payable                   10
Inventory                  50     
   Current assets      $49+20+65+50   Current liabilities         $55+41+10
Group of answer choices
$88
$78
$58
$68
$48
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