Your corporation's 2019 balance sheet has current assets of $5,120 and current liabilities of $4,491. Your 2020 corporation's balance sheet has current assets of $5,320 and current liabilities of $3,750. What is the 2020 change in net working capital for your corporation? Please show your formula and calculations in the space provided.

Your corporation's 2019 balance sheet has current assets of $5,120 and current liabilities of $4,491. Your 2020 corporation's balance sheet has current assets of $5,320 and current liabilities of $3,750. What is the 2020 change in net working capital for your corporation? Please show your formula and calculations in the space provided.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 9E

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