You are evaluating the balance sheet for Ultra Corporation. From the balance sheet you find the following balances: cash and marketable securities = \$10,000, accounts receivable = \$2,000, inventory = \$20,000, accrued wages and taxes = \$1,000, accounts payable = \$3,000, and notes payable = \$10,000. Calculate Ultra's net working capital.
Multiple Choice
\$32,000
\$18,000
\$ 8,000
\$28,000