NICO Corporation had net current assets of R2,000,000 at the end of 2010 and R1,800,000 at the end of 2009. In addition, NICO had net spontaneous current liabilities of R1,000,000 in 2010 and R1,500,000 in 2009. Using this information, NICO's net current asset investment for 2010 was?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter16: Working Capital Policy And Short-term Financing
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NICO Corporation had net current assets of R2,000,000 at the end of 2010 and R1,800,000 at the end of 2009. In addition, NICO had net spontaneous current liabilities of R1,000,000 in 2010 and R1,500,000 in 2009. Using this information, NICO's net current asset investment for 2010 was?

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