Question

At the beginning of the year, a firm has current assets of $362 and current liabilities of $254. at the end of the year, the current assets were $411 and the current liabilities were $294. what is the change in net working capital?

Answer 1

Hello!

Working capital=current assets-current liabilities

Working capital at the beginning of the year is
362−254=108

Working capital at the end of the year is
411−294=117

the change in net working capital
117−108=9....answer

Good luck!