A firm's balance sheets for year-end 2011 and 2012 contain the following data. All items are...

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A firms balance sheets for year-end 2011 and 2012 contain the following data. All items are in millions of dollars. Accounts

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Answer 1

Answer #1

a) Net working capital 2011 =37+31-27 b) Net working capital 2012 $47 -34+27-14 c) Increased by $ 6 -47-41

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Answer 2

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