Rao Corporation has the following balance sheet. How much net operating working capital does the firm have?
Cash $ 10 Accounts payable $ 20
Short-term investments Accruals 20
Accounts receivable 50 Notes payable 50
Inventory 40 Current liabilities $ 90
Current assets $130 Long-term debt 0
Net fixed assets 100 Common equity 30
Retained earnings 50
Total assets $230 Total liab. & equity $230
a. $54.00
b. $60.00
c. $66.00
d. $72.60
e. $79.86