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Pudgy Panda Production Company reported the following results for current assets and liabilities on its most recent balance sheets. Interestingly, the company's sales did not
Pudgy Panda Production Company reported the following results for current assets and liabilities on its most recent balance sheets. Interestingly, the
company's sales did not changeit reported sales of $ 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
Current liabilities
Using the information given and a day year, calculate days of working capital, net working capital, and net operating working capital for Pudgy
Panda Production. Use your calculations to complete the following statements, and round your numerical responses to two decimal places.
Pudgy Panda's days of working capital improved from
year.
The company's net working capital increased from $ in the previous year to $grad at the end of last year.
Pudgy Panda's net operating working capital increased from $grad in the previous year to $ at the end of last year.
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