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Assume that Icon Co. 2014 current assets totaled for $80,000, they paid out $32,000 in the form of account payable and $8,000 as accruals and
Assume that Icon Co. 2014 current assets totaled for $80,000, they paid out $32,000 in the form of account payable and $8,000 as accruals and $10,000 in notes payable and in 2015 they had a NWC of $40,000. Calculate the change in net working capital.
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
12th Edition
0136096689, 978-0136096689
