Elle mae industries has a cash balance of 55000 accounts, Ask an Expert

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Elle Mae Industries has a cash balance of $55,000, accounts payable of $175,000; inventory of $215,000; accounts receivable of $275,000; notes payable of $215,000; and accrued wages and taxes of $45,000. How much net working capital does the firm need to fund? $155,000 $110,000 $110,000 $55,000

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