The TimeNow Corporation had 2017 fixed assets of $1345, current assets of $260, current liabilities of $180 and shareholder's equity of $775. The 2016 fixed assets were $1300, current assets of $220, current liabilities of 300, long-term liabilities of $390 and shareholder's equity of $750. What was the change in net working capital for TimeNow in 2017?
A) 80.
B) 20.
C) 60.
D) 160.
Correct Answer:
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Q2: Which of the following statements concerning the
Q3: Accounting liquidity is defined as:
A) the amount
Q4: In the Statement of Financial Position assets
Q5: Under IFRS the value of all the
Q6: Fixed assets can be either tangible or
Q7: According to IFRS, revenue is recognized as
Q8: Which of the following is not included
Q9: _ refers to the firm's dividend payments
Q10: The Statement of Financial Position is based
Q11: For a firm with long-term debt, net
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