Solution-Set operating working capital that was financed by

Set operating working capital that was financed by investors

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Swinnerton Clothing Company's balance sheet showed total current assets of $1,400, all of which were required in operations. Its current liabilities consisted of $575 of accounts payable, $300 of 6% short-term notes payable to the bank, and $145 of accrued wages and taxes. What was its net operating working capital that was financed by investors?

Reference no: EM132284993

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Set operating working capital that was financed by investors

Reference no: EM132284993

Reference no: EM132284993

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