At the beginning of the year the firm had current assets of


Please help me study for a test by helping me with this problem and show your work/formulas so I can see how you got the answer.

At the end of the year, the current assets of a firm were $145,660 and the current liabilities were $116,290. At the beginning of the year, the firm had current assets of $137,837 and current liabilities of $139,160. What is the change in net working capital?

Solution Preview :

Prepared by a verified Expert
Finance Basics: At the beginning of the year the firm had current assets of
Reference No:- TGS02928219

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)