At the beginning of 2019, Allegra Inc. had current assets of 1,450 and current liabilities of...
At the beginning of 2019, Allegra Inc. had current assets of 1,450 and current liabilities of 1,624. At the end of 2019, Allegra had current assets of 1,530 and current liabilities of 1320. What was the change in Net Working Capital for 2019?
Question 17 options:
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314 |
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248 |
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384 |
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224 |
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178 |
Homework Answers
Given about Allegra Inc.,
At the beginning of 2019,
Current assets = $1450
Current liabilities = $1624
So, Net working capital = current asset - current liabilities = 1450 - 1624 = -$174
At the end of 2019,
Current assets = $1530
Current liabilities = $1320
So, Net working capital = current asset - current liabilities = 1530-1320 = $210
so, change on Net working capital = NWC at the end - NWC at the beginning = 210 - (-174) = $384
Option C is correct.
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