Prezas Company's balance sheet showed total current assets of $2,500, all of which were required in operations. Its current

Question

Prezas Company's balance sheet showed total current assets of $2,500, all of which were required in operations. Its current liabilities consisted of $975 of
accounts payable, $600 of 6% short-term notes payable to the bank, and $250 of accrued wages and taxes. What was its net operating working capital?
a. $1,199
b. $1,173
c. $1,326
d. $1,275
e. $1,301
1

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