At the beginning of the year, a firm had total assets of $51,400, fixed assets of $32,800, and current liabilities of $13,280. At the end of the year, the current assets are $14,800, the fixed assets are $34,100, and the current liabilities are $14,210. What is the change in net working capital for the year? •518,930 • $6.950 $11.470 54730 S9.110
At the beginning of the year, a firm had total assets of $51,400, fixed assets of $32,800, and current liabilities of $13,280. At the end of the year, the current assets are $14,800, the fixed assets are $34,100, and the current liabilities are $14,210. What is the change in net working capital for the year? •518,930 • $6.950 $11.470 54730 S9.110
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:At the beginning of the year, a firm had total assets of $51,400, fixed assets of $32,800, and current liabilities of $13,280. At the
end of the year, the current assets are $14,800, the fixed assets are $34,100, and the current liabilities are $14,210. What is the
change in net working capital for the year?
-%$18.930
• $6.950
$11.470
$4.730
S9.110
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