What was its net operating working capital

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Reference no: EM131576802

Valero Energys balance sheet showed total current assets of exist3,000, all of which were required in operations (i.e., no excess cash). Its current liabilities consisted of exist875 of accounts payable, exist600 of 6% short-term notes payable to the bank, and exist250 of accrued wages and taxes. What was its net operating working capital (NOWC)?

Reference no: EM131576802

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