Question
The 2014 balance sheet of Steelo, Inc., showed current assets of $3,190 and current liabilities of $1,480. The 2015 balance sheet showed current assets of
| The 2014 balance sheet of Steelo, Inc., showed current assets of $3,190 and current liabilities of $1,480. The 2015 balance sheet showed current assets of $3,240 and current liabilities of $1,670. |
| What was the companys 2015 change in net working capital, or NWC?(Do not round intermediate calculations. Negative amount should be indicated by a minus sign.) |
| Net working capital | $
|
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Fundamentals Of Financial Management Concise
Authors: Eugene F. Brigham, Joel F. Houston
11th Edition
0357517717, 9780357517710
