Question
The current level of net working capital is 50,000. While the new project requires an initial net working capital of 90,000. The subsequent net working
The current level of net working capital is 50,000. While the new project requires an initial net working capital of 90,000. The subsequent net working capital require 10% of sale revenue.
Sale revenue in year 1: 1,700,000
Sale revenue in year 2: 1,900,000
Sale revenue in year 3: 1,800,000
Sale revenue in year 4: 1,850,000
Calculate the change in working capital (from year 0 to year 4)?
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Financial Management For Decision Makers
Authors: Peter Atrill
7th Edition
129201606X, 978-1292016061
