ngs If a retailer opens a new store, it will need to set aside $100,000 in cash and purchase $1 million in inventory. $400,000 of the inventory will be purchased on credit (increase to accounts payable.) The store will generate $10 million in sales annually. Accounts receivable will increase by $500,000. The corporate tax rate is 20%. What would be the change in net working capital from opening the new store? O $0.96 million $2.00 million $9.20 million O$0.60 million $1.20 million Previous Next >