At the beginning of the year, a firm has current assets of $16,200 and current liabilities...

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At the beginning of the year, a firm has current assets of $16,200 and current liabilities...

At the beginning of the year, a firm has current assets of $16,200 and current liabilities of $13,280. At the end of the year, the current assets are $14,800 and the current liabilities are $14,210. What is the change in net working capital?

?$470 ?$50 $470 ?$2,330 $2,330

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Answer 1

Answer #1

	Beginning of year	End of year
Current Assets (A)	16200	14800
Current Liabilities (B)	13280	14210
Net Working Capital (C=A-B)	2920	590
Change in net working Capital =	End of year working capital - Beginning Working Capital
=	590-2920
=	-2330

Change in Net Working Capital is -$2,330

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Answer 2

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At the beginning of the year, a firm has current assets of $16,200 and current liabilities...

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