Wu Systems has the following balance sheet. Assume that all current assets are used in operations. How much net operating working capital does the firm have? Cash$ 100 Accounts payable$ 200Accounts receivable650 Accruals110Inventory550 Notes payable590Current assets$ 1,300 Current liabilities$ 900Net fixed assets$ 1,000 Long-term debt600 Common equity300 Retained earnings500Total assets$ 2,300 Total liab. & equity$ 2,300?
A. $990
B. $911
C. $1,010
D. $1,168
E. $782
Answer: A
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