Question
The 2010 balance sheet of Greystone, Inc., showed current assets of $3,180 and current liabilities of $1,455. The 2011 balance sheet showed current assets of
The 2010 balance sheet of Greystone, Inc., showed current assets of $3,180 and current liabilities of $1,455. The 2011 balance sheet showed current assets of $3,030 and current liabilities of $1,700.
What was the companys 2011 change in net working capital, or NWC? (Negative amount should be indicated by a minus sign.)
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Essentials Of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
13th Edition
0324258755, 9780324258752
