The 2014 balance sheet of Steelo, Inc., showed current assets of $4,500 and current liabilities of $2,920. The 2015 balance sheet showed current assets of $3,000 and current liabilities of $1,530. What was the company’s 2015 change in net working capital, or NWC?

Question

1.62K viewsOctober 17, 2016

0

Darshita 6.14K October 17, 2016 0 Comments

The 2014 balance sheet of Steelo, Inc., showed current assets of $4,500 and current liabilities of $2,920. The 2015 balance sheet showed current assets of $3,000 and current liabilities of $1,530.

What was the company’s 2015 change in net working capital, or NWC?

1 Answer

score 0 · Answer 1 · 2016-10-17T10:57:33+00:00

Steelo, Inc., 2014
current assets	4500
current liabilities	2920
Net Working Capital = Current Assets – Current Liabelity
NWC for 2014	1580


Steelo, Inc., 2015
current assets	3000
current liabilities	1530
Net Working Capital = Current Assets – Current Liabelity
NWC for 2015	1470

Change in NWC = 1580-1470	110

1 Answer

Contact us today