Calculating Additions to NWC The 2006 balance sheet of Rock N Roll Records, Inc., showed current assets

Question:

Calculating Additions to NWC The 2006 balance sheet of Rock ‘N’ Roll Records, Inc., showed current assets of $1,400 and current ‘liabilities of $870 the 2007 balance sheet showed current assets of $1,650 and current liabilities of $920. What was the company’s 2007 change in’4net working capital, or NWC?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...