Question

The 2014 balance sheet of steelo, inc., showed current assets of $4,630 and current liabilities of $2,190. the 2015 balance sheet showed current assets of $5,180 and current liabilities of $2,830. what was the company's 2015 change in net working capital, or nwc?

Answer 1

Hello!

Working capital in 2014 is
4,630−2,190=2,440
Working capital in 2015 is
5,180−2,830=2,350

change in net working capital, or nwc
2,350−2,440=−90

Good luck!