Athenian Venues Inc. just reported the following selected portion of its financial statements for the end of
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Athenian Venues Inc. just reported the following selected portion of its financial statements for the end of 2022. Your assistant has already calculated the 2022 end-of-year net operating working capital (NOWC) from the full set of financial statements (not shown here), which is $13 million. The total net operating capital for 2021 was $50 million. What was the 2022 net investment in operating capital?
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Athenian Venues Inc.: Selected Balance Sheet Information as of December 31 (Millions of Dollars) Assets Cash Short-term investments Accounts receivable Inventories Total current assets Net plant and equipment Total assets 2022 $1 st 4 8 11 $24 51 $75
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Related Book For
Intermediate Financial Management
ISBN: 9780357516669
14th Edition
Authors: Eugene F Brigham, Phillip R Daves
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