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The balance sheet of Daoud Company as of December 31/12/2020: Assets Liabilities and Equity Current Assets 30,000 Current Liabilities 20,000 Fixed Assets 50,000 Long-Term Liabilities
The balance sheet of Daoud Company as of December 31/12/2020: Assets Liabilities and Equity Current Assets 30,000 Current Liabilities 20,000 Fixed Assets 50,000 Long-Term Liabilities 10,000 Total Assets 80,000 Equity 50,000 Total Liabilities and Equity 80,000 The company earns 5 percent on current assets and 10 percent on fixed assets The company reduced its current assets by 20,000 JOD, resulting in an increase in fixed assets by the same amount. Calculate net working capital before and after the change in the level of assets
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