The December 31, 2009, balance sheet of Anna’s Tennis Shop, Inc., showed current assets of $1,790 and current liabilities of $1,383. The December 31, 2010, balance sheet showed current assets of $1,707 and current liabilities of $1,414. What was the company’s 2010 change in net working capital, or NWC?

The December 31, 2009, balance sheet of Anna’s Tennis Shop, Inc., showed current assets of $1,790 and current liabilities of $1,383. The December 31, 2010, balance sheet showed current assets of $1,707 and current liabilities of $1,414. What was the company’s 2010 change in net working capital, or NWC?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 1P

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