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Question 1: Swinnerton Clothing Company's balance sheet showed total current assets of $3,025, all of which were required in operations. Its current liabilities consisted of $575 of accounts payable, $300 of 6% short-term notes payable to the bank, and $145 of accrued wages and taxes. What was its net operating working capital that was financed by investors?
Select the correct answer.
Option a. $2,310
Option b. $2,307
Option c. $2,305
Option d. $2,312
Option e. $2,303
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