In: Finance
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
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 |