Prezas Company's balance sheet showed total current assets of $5,250, all of which were required in operations. Its current liabilities consisted of $1,040 of accounts payable, $600 of 6% short-term notes payable to the bank, and $310 of accrued wages and taxes. What was its net operating working capital? a. $3,900 b. $4,650 c. $1,350 d. $1,950 e. $3,300

Prezas Company's balance sheet showed total current assets of $5,250, all of which were required in operations. Its current liabilities consisted of $1,040 of accounts payable, $600 of 6% short-term notes payable to the bank, and $310 of accrued wages and taxes. What was its net operating working capital? a. $3,900 b. $4,650 c. $1,350 d. $1,950 e. $3,300

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...

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