At the beginning of the year,a firm had current assets of $121,306 and current liabilities of $124,509.At the end of the year,the current assets were $122,418 and the current liabilities were $103,718.What is the change in net working capital?
A)-$19,679
B)-$11,503
C)-$9,387
D)$1,809
E)$21,903

Question

Quizplus · Accepted Answer

Change in net working capital = ($122,418 - $103,718) - ($121,306 - $124,509) = $21,903

At the Beginning of the Year,a Firm Had Current Assets