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Ray is an entrepreneur who has recently started his own venture. Since he does not have the resources to hire a financial expert, he has to manage the company's finance in addition to managing the company. He needs to calculate the working capital of his business. From the following information, calculate the net working capital.
Cash
$20,000
Accounts receivable
12,000
Accounts payable
14,500
Inventory
32,000
Accrued expenses
6,500
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