Question
The 2017 balance sheet of Dream, Inc., showed current assets of $4,500 and current liabilities of $2,920. The 2018 balance sheet showed current assets of
| The 2017 balance sheet of Dream, Inc., showed current assets of $4,500 and current liabilities of $2,920. The 2018 balance sheet showed current assets of $3,000 and current liabilities of $1,530. |
| What was the companys 2018 change in net working capital, or NWC? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.)
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
