The December 31, 2018, balance sheet of Justin's Golf Shop, Inc., showed current assets of $1,055 and current liabilities of $890. The December 31, 2019, balance sheet showed current assets of $1,270 and current liabilities of $945. What was the company's 2019 change in net working capital, or NWC?

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is