A firm's balance sheets for year-ends 2009 and 2010 contain the following data. What happened to investment

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A firm's balance sheets for year-ends 2009 and 2010 contain the following data. What happened to investment in net working capital during 2010? All items are in millions of dollars.

December 31, 2009 December 31, 2010 Accounts receivable 35 32 Inventories 25 30 Accounts payable 25 12

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Fundamentals of Corporate Finance

ISBN: 978-1259024962

6th Canadian edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim

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Question Posted: Nov 14, 2017 02:21 AM

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A firm's balance sheets for year-ends 2009 and 2010 contain the following data. What happened to investment

Question:

December 31, 2009 December 31, 2010 Accounts receivable 35 32 Inventories 25 30 Accounts payable 25 12

Step by Step Answer:

NWC 2009 32 25 12 45 mil...View the full answer

Fundamentals of Corporate Finance

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