Question

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Refer to the portions of the 2018 and 2019 balance sheets provided below. Calculate the change...

Refer to the portions of the 2018 and 2019 balance sheets provided below. Calculate the change in net working capital during the year 2019.

2018 2019 2018 2019
Cash $380 $770 Notes Payable $510 $550
Accts. Receivable $1,290 $1,470 Accounts Payable $720 $830
Inventory $880 $950 Long Term Debt $1,180 $1,090

Group of answer choices

$720

$580

$1,810

$490

Solutions

Expert Solution

2018 2019
Cash 380 770
Accounts Receivable 1290 1470
Inventory 880 950
Accounts Payable 720 830
Notes Payable 510 550
Working Capital
[Cash+Accounts Receivables+Inventory-Accounts Payable-Notes Payables]		 1320 1810
Change in Working Capital
[Current Year's Working Capital-Previous Year's Working Capital]		 $490

jeff jeffy answered 3 years ago
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