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ozzi
3 years ago
15

Stimulus Industries Inc. has 2017 total current assets of​ $14,871,000. Last year the total current assets were equal to​ $12,46

2,000. The change in total current assets is a​ ________ of cash in the amount of​ ________.
Business
1 answer:
lawyer [7]3 years ago
5 0

Answer:

use; $2,409,000

Explanation:

Given that,

Total current assets in 2017 = $14,871,000

Total current assets in the last year = $12,462,000

Therefore, there is an increase in the total current assets which indicates that there is a use of cash.

Hence, the amount of cash used is calculated as follows:

= Total current assets in 2017 - Total current assets in the last year

= $14,871,000 - $12,462,000

= $2,409,000

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