The 2014 balance sheet of Greystone, Inc., showed current assets of $2332 and current liabilities of...
The 2014 balance sheet of Greystone, Inc., showed current assets of $2332 and current liabilities of $1723. The 2015 balance sheet showed current assets of $2171 and current liabilities of $1234. What was the company’s 2015 change in net working capital, or NWC
Homework Answers
net working capital=current assets-current liabilities
net working capital for 2015=(2171-1234)=$937
net working capital for 2014=(2332-1723)=$609
Hence change in net working capital=(937-609)
=$328
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