(Answered) Cloninger corp reported the following amounts on its most

Finance

Cloninger Corp. reported the following amounts on its most recent balance sheet:

Cash and cash equivalents $6,700
Accounts payable $21,900
Notes payable $12,500
Accounts receivable $27,300
Inventories $25,600

What is the firm's net operating working capital?

Select one:

a. $18,480

b. $25,200

c. $31,900

d. $37,700

e. none of the above

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