Question: please explain to me how answer was solved and the formula to find NOWC 2. Lakeside Industries has the following balance sheet. What is its

please explain to me how answer was solved and the formula to find NOWC

2. Lakeside Industries has the following balance sheet. What is its total net operating capital? Total net operating capital = NOWC + operating long-term assets NOWC = cash + accounts rec + inventory - accounts payable - accruals =20+50+604050=40 Total net operating capital =40+100 =140

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