newconnect.mheducation.com PL-245-Google Docs FN-312-51 FA18: Bu.. Chapter 2: Ho

Question

newconnect.mheducation.com PL-245-Google Docs FN-312-51 FA18: Bu.. Chapter 2: Homework MetroPCS oter 2: Homework Saved The 2014 balance sheet of Steelo, Inc., showed current assets of $3,165 and current liabilities of $1,460. The 2015 balance sheet showed current assets of $3,220 and current liabilities of $1,660. What was the company's 2015 change in net working capital, or NWC? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.) ped Net working capital ok nces

Explanation / Answer

Solution: Net working capital ($) = -145 Working Notes: Change in net working capital = NWC end - NWC beg Change in net working capital = (CA 2015 - CL 2015) - (CA 2014 - CL 2014) Change in net working capital =($3,220 - 1,660) - ($3,165 - 1,460) Change in net working capital =$1,560 - $1,705 Change in net working capital = -$145 Please feel free to ask if anything about above solution in comment section of the question.

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