Question

The december 31, 2015, balance sheet of maria's tennis shop, inc., showed current assets of $1,155 and current liabilities of $940. the december 31, 2016, balance sheet showed current assets of $1,370 and current liabilities of $1,045. what was the company's 2016 change in net working capital, or nwc? (do not round intermediate calculations and round your answer to the nearest whole number,
e.g., 32.) change in net working capita

Answer 1

A the end of 2015, the net capital was $215.00. At the end of 2016 it became $325.00. There was $110.00 increase or a net income for the year 2016.