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4 July, 03:54

The December 31, 2018, balance sheet of Justin's Golf Shop, Inc., showed current assets of $1,155 and current liabilities of $940. The December 31, 2019, balance sheet showed current assets of $1,370 and current liabilities of $1,045.

What was the company's 2019 change in net working capital, or NWC?

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  1. 4 July, 06:05
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    The answer is $325

    Explanation:

    To calculate net working capital for 2019;

    Current asset for 2019 minus current Liability for 2019.

    Examples of current assets are cash, inventory, accounts receivable

    Therefore, net working capital for 2019 is;

    $1,370 - $1,045 = $325
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