The December 31, 2015, balance sheet of Maria’s Tennis Shop, Inc., showed current assets of $1,025...
The December 31, 2015, balance sheet of Maria’s Tennis Shop, Inc., showed current assets of $1,025 and current liabilities of $875. The December 31, 2016, balance sheet showed current assets of $1,240 and current liabilities of $915. What was the company's 2016 change in net working capital, or NWC?
Homework Answers
Net working capital=Current assets-Current liabilities
Net working capital for 2016=(1240-915)=$325
Net working capital for 2015=(1025-875)=$150
Hence change in Net working capital=(325-150)
=$175.
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