Given the importance of working capital management, consider the case of Purple Dandelion Flower Company and both the amount of working capital that it is using being used in the firm and explore the prospects of how its working capital will be financed.

Purple Dandelion Flower Company reported the following results for current assets and liabilities on its most recent balance sheets. Interestingly, the companys sales did not changeit reported sales of $5,550 for its most recent year as well as for last year.

The columns labeled Ending ($) show results at the end of the most recent year, and the columns labeled Beginning ($) show results at the end of the previous year:

	Beginning	Ending
Current assets
Cash	$1,300	$2,500
Accounts receivable	2,500	2,000
Inventory	1,950	1,700
Current liabilities
Accounts payable	$2,400	$2,450
Notes payable	1,600	1,800
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 Purple Dandelion Flower. Use your calculations to complete the following statements, and round your numerical responses to two decimal places.

	Purple Dandelions days of working capital improved from____ days in the previous year to____ days at the end of the most recent year.
	The companys net working capital increased from $1,750.00 in the previous year to____at the end of last year.
	Purple Dandelions net operating working capital increased from ____ in the previous year to $3,750.00 at the end of last year.