Problemfallway inc had current assets of 121800 and current, Ask an Expert

Finance

Problem:

Fallway, Inc. had current assets of $121,800 and current liabilities of $114,300 last year. This year, the current assets are $118,600 and the current liabilities are $100,400. The depreciation expense for the past year is $13,500 and the interest paid is $3,000.

Requirement:

Question 1: What is the amount of the change in net working capital? Explain in detail and give step by step elucidation.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91146770

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