The December 31, 2018, balance sheet of Justin’s Golf Shop, Inc., showed current assets of $1,165...
Homework Answers
Net Working Capital (NWC) = Current Assets - Current Liabilities
For 2018,
NWC (2018) = $1,165 - $945 = $220
NWC (2019) = $1,380 - $1,055 = $325
Change in Working Capital in 2019 = NWC (2019) - NWC (2018)
Change in Working Capital in 2019 = $325 - $220 = $105
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