At the beginning of the year, a firm has current assets of $316 and current liabilities of $220. at the end of the year, the current assets are $469 and the current liabilities are $260. what is the change in net working capital?

Question

Kyle Hatfield

Mathematics

6 May, 01:47

At the beginning of the year, a firm has current assets of $316 and current liabilities of $220. at the end of the year, the current assets are $469 and the current liabilities are $260. what is the change in net working capital?

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Aditya Vazquez · Answer 1

Net working capital is the sum of assets and liabilities.

Beginning of year,

net working capital = 316-220=$96

At end of year,

net working capital = 469-220=$249

change in networking capital = new capital - old capital

=249-96

=$153