Question
Berties Bike Shop showed the following components of working capital last year: Begin End Accounts receivable $12,500 15,000 Inventory 8,000 7,000 Accounts payable 10,000 12,000
Berties Bike Shop showed the following components of working capital last year:
| Begin | End | |
| Accounts receivable | $12,500 | 15,000 |
| Inventory | 8,000 | 7,000 |
| Accounts payable | 10,000 | 12,000 |
What was the change in net working capital for the year?
Multiple Choice
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Increase of $1,500
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Decrease of $1,500
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Decrease of $500
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Increase of $3,500
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Increase of $500
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
