Question
A firm's 2016 and 2017 year-end balance sheets contain the following data. All items are in millions of dollars. 31 December 2016 31 December 2017
A firm's 2016 and 2017 year-end balance sheets contain the following data. All items are in millions of dollars.
| 31 December 2016 | 31 December 2017 | |||||
| Accounts receivable | 33.0 | 36.5 | ||||
| stocks | 26.0 | 30.5 | ||||
| Accounts payable | 13.0 | 26.5 | ||||
What happened to investment in net working capital in 2017? (Enter your answer in millions.)
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
12th edition
1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056
