Question
Part A: To support sales of its new lower-cost energy services, Vaalco Energy Inc. has decided to offer better terms for trade credit to its
Part A:
To support sales of its new lower-cost energy services, Vaalco Energy Inc. has decided to offer better terms for trade credit to its customers, they have increased inventory and accounts payable to compensate. As a result, current assets have increased from $50.26 to $142.27 over the past year and current liabilities have increased from 40.02 to 71.77 over the past year. Find the change in net working capital.
Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" "," or any other formatting. Carry interim computations to at least 4 decimals.
Enter numerical answers as a positive or negative number rounded to 2 decimal places (###.##)
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