Question

The 2017 balance sheet of Dream. Inc. showed current assets of $4,810 and current liabilities of $2.230. The 2018 balance sheet showed current assets of $5,360 and current liabilities of $2.970 What was the companys 2018 change in net working capital, or NWC? (Do not rounc intermediate calculations. A negative answer should be indicated by a minus sign.) Change in NWC
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Net working capital = Current assets

Net working capital of 2017 = $4,810 - $2,230

Net working capital of 2017 = $2,530

Net working capital of 2018 = $5,360 - $2,970

Net working capital of 2018 = $2,390

Change in working capital = $2,390 - $2,530

Change in working capital = -140

Add a comment
Know the answer?
Add Answer to:
The 2017 balance sheet of Dream. Inc. showed current assets of $4,810 and current liabilities of...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT