The December 31, 1998, balance sheet of Venuss Tennis Shop, Inc., showed current assets of ($700) and

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The December 31, 1998, balance sheet of Venus’s Tennis Shop, Inc., showed current assets of \($700\) and current liabilities of \($425.\) The December 31, 1999, balance sheet showed current assets of \($750\) and current liabilities of \($375.\) What was the company’s 1999 change in net working capital, or NWC?

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Fundamentals Of Corporate Finance

ISBN: 9780072313000

5th Edition

Authors: Stephen A Ross, Randolph W Westerfield

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