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A firms balance sheets for year-end 2011 and 2012 contain the following data. All items are in millions of dollars. Dec. 31, 2011 Dec. 31,
A firms balance sheets for year-end 2011 and 2012 contain the following data. All items are in millions of dollars. |
Dec. 31, 2011 | Dec. 31, 2012 | |
Accounts receivable | 33.4 | 36.7 |
Inventories | 26.4 | 30.7 |
Accounts payable | 13.4 | 26.7 |
a. | Calculate the net working capital in 2011. (Enter your answer in millions rounded to 1 decimal place.) |
Net working capital | $ million |
b. | Calculate the net working capital in 2012. (Enter your answer in millions rounded to 1 decimal place.) |
Net working capital | $ million |
c. | What happened to investment in net working capital during 2012? (Input the amount as a positive value. Enter your answer in millions rounded to 1 decimal place.) |
Net working capital has (Click to select)increaseddecreased by $ million. |
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