The 2017 balance sheet of Dream, Inc., showed current assets of $3300 and current liabilities of $1391. The 2018 balance sheet showed current assets of $3200 and current liabilities of $1467. What was the company’s 2018 change in net working capital, or NWC? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.

The 2017 balance sheet of Dream, Inc., showed current assets of $3300 and current liabilities of $1391. The 2018 balance sheet showed current assets of $3200 and current liabilities of $1467. What was the company’s 2018 change in net working capital, or NWC? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter15: Investments And Fair Value Accounting

Section: Chapter Questions

Problem 18E

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