Your corporation's 2019 balance sheet has current assets of $5,120 and current liabilities of $4,491. Your 2020 corporation's balance sheet has current assets of $5,320 and current liabilities of $3,750. What is the 2020 change in net working capital for your corporation? Please show your formula and calculations in the space provided.
Your corporation's 2019 balance sheet has current assets of $5,120 and current liabilities of $4,491. Your 2020 corporation's balance sheet has current assets of $5,320 and current liabilities of $3,750. What is the 2020 change in net working capital for your corporation? Please show your formula and calculations in the space provided.
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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| Change in Net Working Capital Your corporation's 2019 |
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Formula of Net Working Capital
=Current asset-Current Liability
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