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Beginning Ending Current assets Cash $6,500 $12,500 Accounts receivable 12,500 10,000 Inventory 9,750 8,500 Current liabilities Accounts payable $12,000 $12,250 Notes payable 8,000 9,000 Accruals
Beginning Ending Current assets Cash $6,500 $12,500 Accounts receivable 12,500 10,000 Inventory 9,750 8,500 Current liabilities Accounts payable $12,000 $12,250 Notes payable 8,000 9,000 Accruals 0 0 Using the information given and a 365-day year, calculate days of working capital, net working capital, and net operating working capital for Blue Dog Manufacturing. Use your calculations to complete the following statements, and round your numerical responses to two decimal places. Blue Dog's days of working capital improved from days in the previous year to days at the end of the most recent year. The company's net working capital increased from $8,750.00 in the previous year to at the end of last year. Blue Dog's net operating working capital increased from in the previous year to $18,750.00 at the end of last year. Consider the following statement
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