Prezas Company's Balance Sheet Showed Total Current Assets of $4,250,all

question 22

Multiple Choice

Prezas Company's balance sheet showed total current assets of $4,250,all of which were required in operations.Its current liabilities consisted of $975 of accounts payable,$600 of 6% short-term notes payable to the bank,and $250 of accrued wages and taxes.What was its net operating working capital?

• A)$2,874
• B)$3,025
• C)$3,176
• D)$3,335
• E)$3,502

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