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21 November, 03:36

The 2014 balance sheet of steelo, inc., showed current assets of $4,630 and current liabilities of $2,190. the 2015 balance sheet showed current assets of $5,180 and current liabilities of $2,830. what was the company's 2015 change in net working capital, or nwc?

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  1. 21 November, 05:24
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    Hello!

    Working capital in 2014 is

    4,630-2,190=2,440

    Working capital in 2015 is

    5,180-2,830=2,350

    change in net working capital, or nwc

    2,350-2,440=-90

    Good luck!
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