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Reference no: EM131879771

Cloninger Corp. reported the following amounts on its most recent balance sheet:

  •  Cash and cash equivalents     $6,700
  •  Accounts payable                   $21,900
  •  Notes payable                         $12,500
  •  Accounts receivable              $27,300
  •  Inventories                              $25,600

 What is the firm's net operating working capital?

Select one:

a. $18,480

b. $25,200

c. $31,900

d. $37,700

e. none of the above

Reference no: EM131879771

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