The December 31, 2009, balance sheet of Anna’s Tennis Shop, Inc., showed current assets of $1,790 and current liabilities of $1,383. The December 31, 2010, balance sheet showed current assets of $1,707 and current liabilities of $1,414. What was the company’s 2010 change in net working capital, or NWC?

The December 31, 2009, balance sheet of Anna’s Tennis Shop, Inc., showed current assets of $1,790 and current liabilities of $1,383. The December 31, 2010, balance sheet showed current assets of $1,707 and current liabilities of $1,414. What was the company’s 2010 change in net working capital, or NWC?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Rotweiler Obedience School’s December 31, 2009, balance sheet showed net fixed assets of $1,467,672, and the December 31, 2010, balance sheet showed net fixed assets of $2,158,659. The company’s 2010 income statement showed a depreciation expense of $235,055. What was Rotweiler’s net capital spending for 2010?
Rissy Inc. had the following components of working capital last year: Accounts receivable (start: $23,000 & end: $23,000); Inventory (start: $18,000 & end: $17,000); Accounts Payable (start: $11,000 & end: $13,000). What was the change in net working capital during the year?
The Carla Vista Market, Inc., balance sheet for the fiscal year ending September 25, 2016 included the following: total current assets of $2,220 million, total assets of $6,299 million, total current liabilities of $1,249 million, and total liabilities of $2,030 million. What was the company's net working capital on September 25, 2015? (Enter answer in thousands.)
Evaluating Business Segment Information Hewlett-Packard Company reports that its "organizational structure is based on a number of factors that management uses to evaluate, view and run its business operations." In its disclosures of segment information, there are seven segments-Personal Systems, Printing, Enterprise Group, Enterprise Services, Software, HP Financial Services, and Corporate Investments. The company provides the following information about these business segments: 2014 2013 ($ millions) Total net revenue: Personal Systems Printing Enterprise Group Enterprise Services Software HP Financial Services Corporate Investments Earnings from operations: Personal Systems Printing Enterprise Group Enterprise Services Software HP Financial Services Corporate Investments Total assets: Personal Systems Printing Enterprise Group. Enterprise Services Software HP Financial Services Corporate Investments $34,303 $32,179 22,979 23,896 27,814 28,081 22,398 24,061 3,933 4,021 3,498 3,629…
Tibbs Inc. had the following data for the year ending 12/31/12: Net income = $400; Net operating profit after taxes (NOPAT) = $450; Total assets = $2,600; Short-term investments = $200; Stockholders' equity = $1,600; Total debt = $1,000; and Total operating capital = $2,200. What was its return on invested capital (ROIC)? Group of answer choices 14.32% 22.50% 16.36% 20.45% 18.41%
Micro, Inc., started the year with net fixed assets of $76,175. At the end of the year, there was $97,925 in the same account, and the company's income statement showed depreciation expense of $13,395 for the year. What was the company's net capital spending for the year? a. $83,990 b. $35,685 c. $21,750 d. $43,580 e. $41,170
Craig's Driving School's 2013 balance sheet showed net fixed assets of $3.9 million, and the 2014 balance sheet showed net fixed assets of $44 million. The company's 2014 income statement showed a depreciation expense of $745,000. What was net capital spending for 2014? Select one: O a. -$1,45,000 O b. $1,145,000 c. O c. $1,245,000 O d. $1,305,000
Tibbs Inc. had the following data for the most recent year: Net income = $300; Net operating profit after taxes (NOPAT) = $380; Total assets = $2,500; Short-term investments = $200; Stockholders' equity = $1,800; Total debt = $700; and Total operating capital = $2,300. What was its return on invested capital (ROIC)? Select the correct answer. a. 16.92% b. 16.52% c. 17.12% d. 16.72% e. 16.32%
Craig’s Driving School’s 2013 balance sheet showed net fixed assets of $3.9 million, and the 2014 balance sheet showed net fixed assets of $4.4 million. The company’s 2014 income statement showed a depreciation expense of $745,000. What was net capital spending for 2014? Select one: a. $1,245,000 b. $1,145,000 c. $1,305,000 d. -$1,45,000
Fallway, Inc. had current assets of $121,800 and current liabilities of $114,300 last year. This year, the current assets are $118,600 and the current liabilities are $100,400. The depreciation expense for the past year is $13,500 and the interest paid is $3,000. What is the amount of the change in net working capital?
Micro, Inc., started the year with net fixed assets of $76,175. At the end of the year, there was $97,925 in the same account, and the company's income statement showed depreciation expense of $13,935 for the year. What was the company's net capital spending for the year? Multiple Choice O $35,685 $43,580 $21,750 $41,170 $83,990
Asar Corporation had a current ratio of 2.0 at the end of 2013. Current assets and current liabilities increased by equal amounts during 2012. What are the effects on the networking capital and on the current ratio, respectively?