The 2020 balance sheet of Dugan, Incorporated, showed current assets of $4,500 and current liabilities...
80.2K
Verified Solution
Link Copied!
Question
Finance
The 2020 balance sheet of Dugan, Incorporated, showed current assets of $4,500 and current liabilities of $2,920. The 2021 balance sheet showed current assets of $3,000 and current liabilities of $1,530. What was the company's 2021 change in net working capital, or NWC? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations.)
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: Zin AI - Your personal assistant for all your inquiries!