FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The 2017 balance sheet of Dream, Inc., showed current assets of $1,400 and current liabilities of $920. The 2018 balance sheet showed current assets of

The 2017 balance sheet of Dream, Inc., showed current assets of $1,400 and current liabilities of $920. The 2018 balance sheet showed current assets of $1,640 and current liabilities of $1,040. What was the company's 2018 change in net working capital, or NWC?

  • $-360

  • $120

  • $2,080

  • $360

  • $-230

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management Theory And Practice

Financial Management Theory And Practice

Authors: Eugene F Brigham, Michael C Ehrhardt

11th Edition

0324259689, 9780324259681

More Books

Students also viewed these Finance questions

Question

★★★★★
Foreign exchange rates, like stock prices, should follow a random walk. Is this statement true, false, or uncertain? Explain your answer.

Answered: 1 week ago

Question

★★★★★
Purchase requisition is prepared by the production department. True/False

Answered: 1 week ago

Question

★★★★★
=+d) How many tourists would you predict for Hawaii in April 2007 (month 63 of this series)?

Answered: 1 week ago

Question

★★★★★
The following data were extracted from the accounting records of Wedgeforth Company for the year ended November 30, 2010: Merchandise inventory, December 1, 2009 $ 210,000 Merchandise inventory,...

Answered: 1 week ago

Question

★★★★★
Given a 16 bit architecture and a page size of 512 bytes. What is the physical address for virtual address 02fe ? Enter the address in hex: What is the physical address for virtual address 0201?...

Answered: 1 week ago

Question

★★★★★
In a regular hexagon, one of the sides measures 3.0 centimeters. What is the distance, in centimeters, between the flats of the regular hexagon? (Round to three decimal places, if necessary)Your...

Answered: 1 week ago

Question

★★★★★
Discuss the contributions of Emile Durkheim to sociology, particularly his concepts of social facts and collective conscience.

Answered: 1 week ago

Question

★★★★★
What is the effect of word war second?

Answered: 1 week ago

Question

★★★★★
Required information P2-5 (Algo) Recording Transactions, Preparing Journal Entries, Posting to T-Accounts, Preparing the Balance Sheet, and Evaluating the Current Ratio LO2-2, 2-4, 2-5 [The following...

Answered: 1 week ago

Question

★★★★★
Find the accumulation function F. Then evaluate F at each value of the independent variable and graphically show the area given by each value of the independent variable. (If needed use solid lines...

Answered: 1 week ago

Question

★★★★★
To influence the way in which managers make decisions within organisations, which of the following approaches should be adopted?" Performance measurement system. Reward structure. Performance...

Answered: 1 week ago

Question

★★★★★
=+what you have learned in the case, do you agree that Islamic financial products are Sharia-compliant, or are banks just finding ways to make people feel comfortable when investing their money with...

Answered: 1 week ago

Question

★★★★★
=+to deal with an NGO causing it problems if the company does not feel the NGO represents one of its significant stakeholder groups?

Answered: 1 week ago

Question

★★★★★
=+ Are they provocative, or do you not understand what all the fuss is about?

Answered: 1 week ago

Previous Question Next Question