In 2017, the firm had $500 in Cash, $1,250 in Accounts Receivable, $1,100 in inventory, $3,500...

In 2017, the firm had $500 in Cash, $1,250 in Accounts Receivable, $1,100 in inventory, $3,500 in total fixed assets, $600 in Accounts Payable, $800 in Notes Payable, and $2,500 in total long-term debt. In 2018, the firm had $550 in Cash, $1,380 in Accounts Receivable, $1,120 in inventory, 4,600 in total fixed assets, $700 in Accounts Payable, $820 in Notes Payable, and $3,500 in total long-term debt. What was the change in Net Working Capital from 2017 to 2018?

Expert Solution

	2017	2018	Changes
Current Assets
Cash	$ 500	$ 550	$ 50
Account Receivables	$ 1,250	$ 1,380	$ 130
Inventory	$ 1,100	$ 1,120	$ 20

Less:
Current Liabilities
Account Payable	$ 600	$ 700	$ 100
Notes payable	$ 800	$ 820	$ 20
Change in working capital			$ 80

jeff jeffy answered 1 year ago

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