What was its net operating working capital

Reference no: EM133368903

Question Petez Company's balance sheet showed total current assets of $3,000,000, all of which were required in operations. Its current liabilities consisted of $975,000 of accounts payable, $600,000 of 4% short-term notes payable to the bank, and $250,000 of accrued wages and taxes. What was it's net operating working capital (NOWC)?

Reference no: EM133368903

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