The 2010 balance sheet of Greystone, Inc., showed current assets of $3,120 and current liabilities of $1,570.

Question:

The 2010 balance sheet of Greystone, Inc., showed current assets of $3,120 and current liabilities of $1,570. The 2011 balance sheet showed current assets of $3,460 and current liabilities of $1,980. What was the company’s 2011 change in net 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...