During the wake of the financial crisis, Ben Bernanke, chairman of the Federal Reserve, said that "shortening the cash cycle and better use of working capital" are the most important factors as private-sector *b Roadway reported the following results for current assets and liabilities on its most recent balance sheets. Sales did not change—$27,750 for its most recent year as well as for last year. 

Current assets 

                          Beginning     Ending 

Cash              $6,500        $12,500 

AR                   12,500          10,000 

Inventory         9,750            8,500 

Current liabilities 

AP                   $12,000       $12,250 

Notes payable  8000          9000

 

Using the information given and a 365-day year, calculate days of working capital, net working capital, and net operating working capital. Use your calculations to complete the following statements, and round your numerical responses to two decimal places.

•	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.
•	Net operating working capital increased from   ?  in the previous year to $18,750.00 at the end of last year.