Problem:
Fallway, Inc. had current assets of $121,800 and current liabilities of $114,300 last year. This year, the current assets are $118,600 and the current liabilities are $100,400. The depreciation expense for the past year is $13,500 and the interest paid is $3,000.
Requirement:
Question 1: What is the amount of the change in net working capital? Explain in detail and give step by step elucidation.