Change in net working capital

Assignment Help Finance Basics
Reference no: EM131473300

The 2014 balance sheet of Steelo, Inc., showed current assets of $2,915 and current liabilities of $1,415. The 2015 balance sheet showed current assets of $2,900 and current liabilities of $1,575.

What was the company's 2015 change in net working capital, or NWC? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.)

Reference no: EM131473300

Questions Cloud

Review the social ecology of health model : Select of the models or theories from the list above that coincides with one of the five hierarchical levels in the social ecology of health model.
Define the robinson-patman act : FACTS Reeder-Simco GMC, Inc. (Reeder), was a franchised regional dealer of Volvo heavy-duty trucks. It sold those trucks to retail customers.
What is the cost of new stock : New stock can be sold to the public at the current price, but a flotation cost of 10% would be incurred. What is the cost of new stock? Right tax rate is 40%.
Which of the given is a primary activity in the value chain : Which of the following is a primary activity in the value chain? A flowchart that depicts the relationships among the input, processing, and output of an AIS is
Change in net working capital : What was the company's 2015 change in net working capital, or NWC?
What is the average tax rate : The Dyrdek Co. had $264,000 in 2014 taxable income. Use the tax rates from Table 2.3.
Is effect of such discrimination was to injure competition : FACTS An electric cogenerator brought several antitrust allegations against a utility that had refused to purchase energy from it. One of the allegations.
Which of the given statements regarding tax credits is true : Which of the following statements regarding tax credits is true? What amount of child tax credit may they claim on their 2009 tax return?
What are the earnings per share : What are the earnings per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Reviews

Write a Review

Finance Basics Questions & Answers

  Compute present values of the following options expiring

Assume sigma=0.15, nu=0.10, and current stock price $32. Monthly interest rate is 1%. Compute present values of the following options expiring in 3 months. A European call option with strike $30, assuming $2 dividend in 40 days (non recombining di..

  American consumer credit counseling statistics

According to American Consumer Credit Counseling statistics, credit card debt is the third largest source of household indebtedness. The following data were collected from a random sample of 12 credit cards.

  Calculate the annual holding period return on each security

Assuming interest and dividends are paid annually, calculate the annual holding period return on each security. During the year, management of Stock 2 spent $10 million, or $0.50 a share, repurchasing 7.7 million of the company's shares.

  What is the firm cost of preferred stock

The firm also has a total of $10,000,000 (par value) is debt outstanding. The debt is in the form of bonds with 10 years left to maturity. They pay semi-annual coupons at a coupon rate of 12% Currently, the bonds sell at %110 of par value.

  Determine single payment amount

9-22 Your rich godfather has offered you a choice of one of the three following alternatives: $10,000 now; $2,000 a year for eight years; or $24,000 at the end of 8 years.

  Implied annual interest rate

Assume the current Treasury bond futures contract has quoted price of 89-09. The terms of contract are standard (20 years, 6% coupon paid semiannually).

  Determining the level of deposits

Assume a bank has $5 million in deposit and $1 million in vault cash. If the bank holds $1 million in excess reserves and the required reserves ratio is 8%, what level of deposits are being held?

  Computation of price of the bond

Computation of price of the bond and The market requires an interest rate of 8% on bonds of this risk

  How many units must he sell to cover all his costs

Deng Chow Chan found that the basic income generated by his main product is £10 a unit, but this increases by £1 for every unit he makes. If he has to cover fixed costs of £100, how many units must he sell to cover all his costs?

  Objective question based on finance

Tangshan Mining has common stock at par of $200,000, paid in capital in excess of par of $400,000, and retained earnings of $280,000.

  Prepare a financial forecast for the company

Explanation of All Other Assumptions - Include an explanation of all other assumptions related to future operating performance including costs, margins, efficiency, capitalization, etc. Note: All assumptions used in the forecast need to be explai..

  Given that you wish to use the payback rule with a cutoff

cash flowsproject year0 1 2 3 4a -5000 1000 1000 3000 0b -1000 0 1000 2000 3000c -5000 1000 1000 3000 5000a. given that

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd