Question
Part B: 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 B:
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 lowered accounts payable to compensate. As a result, current assets have increased from $57.42 to $118.83 over the past year and current liabilities have increased from $33.45 to $74.65 over the past year. Find the cash flows from net working capital over the last year.
Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" "," 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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