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
-
Increase of $1,500
-
Decrease of $1,500
-
Decrease of $500
-
Increase of $3,500
-
Increase of $500
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Principles Of Macroeconomics
Authors: Frank, Bernanke, Antonovics, Heffetz
3rd Edition
1259117162, 9781259117169
