Blauser's started the year with $280 in cash, $924 in inventory, $361 in accounts payable, $1,687...
Blauser's started the year with $280 in cash, $924 in inventory, $361 in accounts payable, $1,687 in equipment, and $414 in accounts receivable. At year's end, the firm had $311 in cash, $1,594 in equipment, $1,003 in inventory, $426 in accounts receivable, and $398 in accounts payable. What was the change in net working capital during the year?
A. -$860
B $191
C $85
D -$94
E -$206
Homework Answers
Blauser's
Working capital = Current assets - Current liabilities
Current assets = Cash + Inventory + Accounts receivable ...etc
Current liabilities = Accounts payable ...etc
Opening working capital = (280+924+414) - 361
Opening working capital = $ 1,257
Closing working capital = (311+1,003+426) - 398
Closing working capital = $ 1,342
Net Change in working capital during the year = Closing working capital - Opening working capital
Net change in working capital = 1,342 - 1,257 = $ 85
Hence, Option "C" is correct.
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