A firm 's 2016 and 2017 year end balance sheets contain the following data All items are in millions of dollars 31 December 2016 31 December 2017 Accounts receivable 33 0 36 5 stocks 26 0 30 5 Accounts payable 13 0 26 5 What happened to investment in net working capital in 2017 (Enter your answer i...

To determine what happened to investment in net working capital in 2017 w ...

A firm's 2016 and 2017 year-end balance sheets contain the following data. All items are in millions

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A firm's 2016 and 2017 year-end balance sheets contain the following data. All items are in millions of dollars.

	31 December 2016		31 December 2017
Accounts receivable		33.0		36.5
stocks		26.0		30.5
Accounts payable		13.0		26.5

What happened to investment in net working capital in 2017? (Enter your answer in millions.)

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Accounting Principles

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12th edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Posted Date: Jul 25, 2023 06:07 AM

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A firm's 2016 and 2017 year-end balance sheets contain the following data. All items are in millions

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