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The choices for the first blank are (101.91, 292.57, 134.78, 202.17), answers choices for the second blank are (98.62, 82.18, 123.27, 115.06) Considering how important
The choices for the first blank are (101.91, 292.57, 134.78, 202.17), answers choices for the second blank are (98.62, 82.18, 123.27, 115.06)
Considering how important working capital management is, Spentworth Co. decided to evaluate the amount of working capital being used in the firm and explore the prospects of how its working capital will be financed Spentworth Co. reported the following results for current assets and liabilities on its most recent balance sheets. Interestingly, the company's sales did not change-it reported sales of $5,550 for its most recent year as well as for last year The columns labeled "Ending ()" show results at the end of the most recent year, and the columns labeled "Beginning ()" show results at the end of the previous year: Beginning ($) Ending ($) Beginning ($) Ending ($) Current assets Current liabilities Cash Accounts receivable Inventory 1,300 2,500 1,950 2,500 Accounts payable 2,000Notes payable 1,700Accruals 2,400 1,600 2,450 1,800 Using the information given and a 365-day year, calculate days of working capital, net working capital, and net operating working capital for Spentworth Co. Use your calculations to complete the following statements: days in the previous year to days at the end of Spentworth Co.'s days of working capital improved from the most recent year . The company's net working capital increased from $1,750.00 in the previous year to $1,950.00 at the end of last year Spentworth Co.'s net operating working capital increased from $3,350.00 in the previous year to $3,750.00 at the end of last yearStep by Step Solution
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