Question
Consider the following balance sheet for Games Inc. What is the change in net working capital for Games, Inc? Cash $50,000 Accounts payable $100,000 Inventory
Consider the following balance sheet for Games Inc. What is the change in net working capital for Games, Inc?
| Cash | $50,000 | Accounts payable | $100,000 | |
| Inventory | $200,000 | Accruals | $100,000 | |
| Accounts receivable | $250,000 | Total CL | $200,000 | |
| Total CA | $500,000 | Long-term debt | $200,000 | |
| Net fixed assets | $900,000 | Common stock | $200,000 | |
| Retained earnings | $800,000 | |||
| Total assets | $1,400,000 | Total L & E | $1,400,000 |
Question 12 options:
|
| There is not enough information to answer this questions. |
|
| $750,000 |
|
| $200,000 |
|
| $950,000 |
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Fundamental Accounting Principles Volume 2
Authors: Kermit Larson, Heidi Dieckmann
15th Canadian Edition
1259087360, 9781259087363
