Ask Question
22 September, 14:14

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 company's 2018 change in net working capital, or NWC? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.)

+5
Answers (1)
  1. 22 September, 16:04
    0
    -$190

    Explanation:

    Net working capital:

    = Current assets - Current liabilities

    Net working capital for 2017:

    = ($4,810 - $2,230)

    = $2,580

    Net working capital for 2018:

    = ($5,360 - $2,970)

    = $2,390

    change net working capital:

    = ($2,390 - $2,580)

    = ($190) (Negative)

    Therefore, the company's 2018 change in net working capital, or NWC is ($190).
Know the Answer?
Not Sure About the Answer?
Find an answer to your 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 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers