The December 31, 2015, balance sheet of Maria's Tennis Shop, Inc., showed current assets of $1,530 and
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The December 31, 2015, balance sheet of Maria's Tennis Shop, Inc., showed current assets of $1,530 and current liabilities of $1,270. The December 31, 2016, balance sheet showed current assets of $1,685 and current liabilities of $1,305. What was the company's 2016 change in net working capital, or NWC?
Balance SheetBalance 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...
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Change in Net Working Capital Net Working capital is short term capital use b...View the full answer
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Related Book For 
Essentials of Corporate Finance
ISBN: 978-1259277214
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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