A firm's balance sheets for year-end 2016 and 2017 contain the following data. What happened to investment

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A firm's balance sheets for year-end 2016 and 2017 contain the following data. What happened to investment in net working capital during 2017? All items are in millions of dollars.

________________________Dec. 31, 2016______Dec. 31, 2017

Accounts receivable..........................32...................................36

Inventories........................................25...................................30

Accounts payable.............................12...................................26

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Fundamentals of Corporate Finance

ISBN: 978-1259722615

9th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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Question Posted: Jun 24, 2017 08:57 AM

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A firm's balance sheets for year-end 2016 and 2017 contain the following data. What happened to investment

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