Question

He december 31, 2015, balance sheet of maria's tennis shop, inc., showed current assets of $1,155 and current liabilities of $940. the december 31, 2016, balance sheet showed current assets of $1,370 and current liabilities of $1,045. what was the company's 2016 change in net working capital, or nwc

Answer 1

The working capital at the end of 2015 was $215.00. At the end of 2016 it was $325.00. There was an increase or net income of $110.00 for the year 2016.