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at the beginning of the year, a firm has current assets of 315 and current liabilities of 219. At the end of the year, the current assets are 467 and the current liabilities are 259. What is the change in net working capital

Sagot :

humedhabib715

Answer:

at the beginning of the year, a firm has current assets of 315 and current liabilities of 219. At the end of the year, the current assets are 467 and the current liabilities are 259. What is the change in net working capital

Parrain

Based on the current assets and liabilities at the beginning of the year and the end, the change in net working capital is $152

How did net working capital change?

Net working capital can be found as:

= Current assets - Current liabilities

Beginning of year net working capital:

= 315 - 219

= $96

End of year net working capital:

= 467 - 259

= $248

The change in net working capital is:

= 248 - 96

= $152

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