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You are given the below information for ABC Company. All of the current assets except cash were required in operations. The company invested its cash
You are given the below information for ABC Company. All of the current assets except cash were required in operations. The company invested its cash on T-bills and earns 1% return on its cash. What is the change in net working capital (for valuation purpose) Beginning of 2007 End of 2007 Cash $4,200 $4,800 Inventory $5,200 $4,000 Accounts Receivable $3,600 $6,500 Accounts Payable $3,900 $4,650 Notes Payable $3,000 $2,800 Short term portion of long term debt $4,100 $4,500 Accrued Wages and Taxes $2,680 $3,070 Group of answer choices $360 $560
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