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Refer to the portions of the 2018 and 2019 balance sheets provided below. Calculate the change in net working capital during the year 2019. 2018 2019 2018 2019 Cash $360 $710 Notes Payable $510 $550 Accts. Receivable $1,190 $1,070 Accounts Payable $720 $830 Inventory $840 $930 Long Term Debt $1,180 $1,090

Answer :

Ayokenny2001go

Answer:

$1,330

Explanation:

Change in net working capital during the year 2019 is computed as

= Current assets - Current liabilities

Current assets 2019 = Cash $710 + Accounts receivables $1,070 + Inventory $930

Current assets = $2,710

Current liabilities 2019 = Notes payable $550 + Accounts payable $830

Current liabilities = $1,380

Therefore,

Change in net working capital during the year 2019

= $2,710 - $1,330

= $1,330

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