At the beginning of the year, a firm has current assets of $332 and current liabilities...

At the beginning of the year, a firm has current assets of $332 and current liabilities of $236. At the end of the year, the current assets are $501 and the current liabilities are $276. What is the change in net working capital?

Multiple Choice

$129
$0
$169
–$129
$209

Solutions

Expert Solution

Change in net working capital = (Ending current assets - Ending current liabilities) - (Beginning current assets - Beginning current liabilities)

Change in net working capital = ($501 - $276) - ($332 - $236)

Change in net working capital = $129

jeff jeffy answered 1 year ago

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