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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Intermediate Financial Management

ISBN: 9780357516669

14th Edition

Authors: Eugene F Brigham, Phillip R Daves

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