Industrial Industries' 2023 balance sheet shows current assets of $1,400 and current liabilities of $1,200. Their 2022 balance sheet shows current assets of $1,575 and current liabilities of $1,250. What was the firm's investment in net working capital for 2023? Question 5 options: ($63) ($175) ($125) $63 $188
Industrial Industries' 2023 balance sheet shows current assets of $1,400 and current liabilities of $1,200. Their 2022 balance sheet shows current assets of $1,575 and current liabilities of $1,250. What was the firm's investment in net working capital for 2023? Question 5 options: ($63) ($175) ($125) $63 $188
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
Problem 1PS
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Question
Industrial Industries' 2023 balance sheet shows current assets of $1,400 and current liabilities of $1,200. Their 2022 balance sheet shows current assets of $1,575 and current liabilities of $1,250. What was the firm's investment in net working capital for 2023?
Question 5 options:
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($63)
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($175) |
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($125)
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$63
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$188
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