Confused on this one. Would appreciate any help.
The following information relates to Lobo Corporation:
Cash $20,000
Accounts receivable $50,000
Marketable securities $65,000
Notes payable $10,000
Accrued wages $5,000
Based on this information, the net working capital of the company is:
$135,000.
$70,000.
$55,000.
$120,000.
$150,000.