Rao Corporation has the following balance sheet. How much net operating working capital does the firm have?Cash $10 Accounts payable $20 Short-term investments Accruals 20Accounts receivable 50 Notes payable 50Inventory 40 Current liabilities $90 Current assets $130 Long-term debt 0Net fixed assets 100 Common equity 30Retained earnings 50Total assets $230 Total liab. & equity $230 Select one:a. $79.86b. $54.00c. $60.00d. $66.00e. $72.60

Question

JessFuty6530 JessFuty6530

20-12-2019
Business

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Rao Corporation has the following balance sheet. How much net operating working capital does the firm have?Cash $10 Accounts payable $20 Short-term investments Accruals 20Accounts receivable 50 Notes payable 50Inventory 40 Current liabilities $90 Current assets $130 Long-term debt 0Net fixed assets 100 Common equity 30Retained earnings 50Total assets $230 Total liab. & equity $230 Select one:a. $79.86b. $54.00c. $60.00d. $66.00e. $72.60

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DeniceSandidge DeniceSandidge · Answer 1 · 2019-12-22T09:41:05+01:00

Answer:

net operating working capital = $60

so correct option is c. $60.00

Explanation:

given data

Cash = $10

Accounts payable = $20

Short term investments Accruals = 20

Accounts receivable = 50

Notes payable = 50

Inventory = 40

Current liabilities = $90

Current assets = $130

Long-term debt = 0

Net fixed assets = 100

Common equity = 30

Retained earnings = 50

Total assets = $230

Total liability equity = $230

to find out

net operating working capital

solution

we get here Current Assets that is

Current Assets = 130 - Short term investment

Current Assets = 130 - 30

Current Assets = $100

and Current Liability = AP + Accruals

Current Liability = 20 + 20

Current Liability = $40

so

net operating working capital will be

net operating working capital = $100 - $40

net operating working capital = $60

so correct option is c. $60.00