Question
Tech Co. has the following Current Assets, Net Income, and Current liabilities as of 12/31/2029 and 12/31/2028: 12/31/2029 12/31/2028 Current Assets $145,000 $95,000 Net Income
Tech Co. has the following Current Assets, Net Income, and Current liabilities as of 12/31/2029 and 12/31/2028:
| 12/31/2029 | 12/31/2028 | |
| Current Assets | $145,000 | $95,000 |
| Net Income | $35,000 | $25,000 |
| Current Liabilities | $90,000 | $60,000 |
What is the change in working capital from 2028 to 2029?
A)Increased by $30,000
B)Increased by $20,000
C)Increased by $55,000
D)Increased by $45,000
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Financial accounting
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
8th Edition
9780135114933, 136108865, 978-0136108863
