Question
A firm had net income last year of $10,000, a cash flow of $9,000, and depreciation expenses of $600. What happened to net working capital
A firm had net income last year of $10,000, a cash flow of $9,000, and depreciation expenses of $600. What happened to net working capital during the year?
Multiple Choice
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It increased by $1,600
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It increased by $1,000
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It increased by $400
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It decreased by $400
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It decreased by $1,600
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Public Finance
Authors: Harvey Rosen, Robert Guell, Ted Gayer
9th Edition
0073511358, 9780073511351
