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s344n2d4d5 [400]
3 years ago
8

Andre's Dog House had current assets of $67,200 and current liabilities of $71,100 last year. This year, the current assets are

$82,600 and the current liabilities are $85,100. The depreciation expense for the past year is $9,600 and the interest paid is $8,700. What is the amount of the change in net working capital?
Business
1 answer:
e-lub [12.9K]3 years ago
8 0

Answer:

$1400

Explanation:

Net working capital is obtained by subtracting total current liabilities from total current assets.  Current assets and liabilities are expected to be used or paid within one year.

Change in net working capital would be the change in current assets - change in current liabilities.

last year  current assets  $67,200 : current liabilities $71,100

This year  current assets  $82,600 : current liabilities  $85,100

change Net operating capital = {$82,600- 67,200} - {85,100 - 71,100}

                     =$15,400 -14,000= -$1400

Change in networking capital = $1400

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In the given case, Hazel has already set her goal of providing the best ice cream in the market. Now she needs to set the procedures of how she can do so in an ethical manner. She has to determine the processes and rules she need to make to achieve the objective of ethical culture in her organisation.

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3 years ago
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ludmilkaskok [199]

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3 years ago
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I hope this answer helps! feel free to ask any additional questions :)
7 0
3 years ago
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