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3 April, 01:23

At the beginning of the year, a firm has current assets of $316 and current liabilities of $220. at the end of the year, the current assets are $469 and the current liabilities are $260. what is the change in net working capital?

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  1. 3 April, 03:36
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    Net working capital is the sum of assets and liabilities.

    Beginning of year,

    net working capital = 316-220=$96

    At end of year,

    net working capital = 469-220=$249

    change in networking capital = new capital - old capital

    =249-96

    =$153
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