The 2010 balance sheet of Greystone, Inc., showed current assets of $3,150 and current liabilities...

70.2K

Verified Solution

Question

Accounting

The 2010 balance sheet of Greystone, Inc., showed current assets of $3,150 and current liabilities of $1,630. The 2011 balance sheet showed current assets of $3,000 and current liabilities of $1,605.

What was the companys 2011 change in net working capital, or NWC? (Negative amount should be indicated by a minus sign.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students