Roof Us started in 2015 an investment project and had, in year 2017, inventories of $439,371 exclusively
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Roof Us started in 2015 an investment project and had, in year 2017, inventories of $439,371 exclusively for the project, while the accounts payable ascended to $247,716 and the accounts receivable summed to $40,223. One year later, the inventories were $363,715, the accounts receivable were $46,375 and the accounts payable were $226,686.
Calculate the cashflow due to changes in net working capital for year 2018. Remember that the sign for an increase in NWC will be negative.
Related Book For
Modern Advanced Accounting in Canada
ISBN: 978-1259087554
8th edition
Authors: Hilton Murray, Herauf Darrell
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