The 2008 balance sheet of Saddle Creek, Inc., showed current assets of $1,580 an
ID: 2659494 • Letter: T
Question
The 2008 balance sheet of Saddle Creek, Inc., showed current assets of $1,580 and current liabilities of $1,000. The 2009 balance sheet showed current assets of $1,740 and current liabilities of $1,020. What was the company's 2009 change in net working capital, or NWC?
rev: 09_17_2012
The 2008 balance sheet of Saddle Creek, Inc., showed current assets of $1,580 and current liabilities of $1,000. The 2009 balance sheet showed current assets of $1,740 and current liabilities of $1,020. What was the company's 2009 change in net working capital, or NWC?
Explanation / Answer
change in net working capital = ( net working capital in 2009)- ( net working capital in 2008) = (1,740 -1,020)-(1,580 -1,000) =$140
$140
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