Crane Corporation reported current assets of $3,494,000 for the year ending December 31, 2017 and current assets of $3,200,000 on December 31, 2016. Current liabilities for the firm were $2,870,000 and $2,764,000 at the end of 2017 and 2016, respectively. Compute the cash flow invested in net working capital at Crane Corporation during 2017. Cash flow invested in net working capital
Crane Corporation reported current assets of $3,494,000 for the year ending December 31, 2017 and current assets of $3,200,000 on December 31, 2016. Current liabilities for the firm were $2,870,000 and $2,764,000 at the end of 2017 and 2016, respectively. Compute the cash flow invested in net working capital at Crane Corporation during 2017. Cash flow invested in net working capital
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Crane Corporation reported current assets of $3,494,000 for the year ending December 31, 2017 and current assets of $3,200,000 on December 31, 2016. Current liabilities for the firm were $2,870,000 and $2,764,000 at the end of 2017 and 2016, respectively. Compute the cash flow invested in net working capital at Crane Corporation during 2017.
| Cash flow invested in net working capital | $ |
Expert Solution
Step 1 Introduction
Net Working Capital: The net working capital is the difference between Total current
Assets and Total current liabilities.
Net Working capital = Total current assets - Total current liabilities
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