Your firm has been in business for two years. In its first year, the company ended up
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- Your firm has been in business for two years. In its first year, the company ended up with current assets of $227,000, long-term assets of $143,000, excess cash of $70,000, current liabilities of $52,000, and long-term assets of $68,000. At the end of the second year, current assets were $279,000, long-term assets $195,000, excess cash $90,000, current liabilities $62,000, and long-term assets $78,000. What is your firm's change in net operating working capital?
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Posted Date: