The December 31, 2013, balance sheet of Maria’s Tennis Shop, Inc., showed curren
ID: 2757600 • Letter: T
Question
The December 31, 2013, balance sheet of Maria’s Tennis Shop, Inc., showed current assets of $1,125 and current liabilities of $925. The December 31, 2014, balance sheet showed current assets of $1,340 and current liabilities of $1,015. (Enter your answer as directed, but do not round intermediate calculations.)
What was the company’s change in net working capital during 2014?
The December 31, 2013, balance sheet of Maria’s Tennis Shop, Inc., showed current assets of $1,125 and current liabilities of $925. The December 31, 2014, balance sheet showed current assets of $1,340 and current liabilities of $1,015. (Enter your answer as directed, but do not round intermediate calculations.)
Explanation / Answer
Particulars
December 31, 2013
December 31, 2014
Change in working capital
Current assets
$1,125
$1,340
$215
Current liabilities
$925
$1,015
$ 90
Change in net working capital
$125
Particulars
December 31, 2013
December 31, 2014
Change in working capital
Current assets
$1,125
$1,340
$215
Current liabilities
$925
$1,015
$ 90
Change in net working capital
$125
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