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What is the expected increase

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Question - Gertrude Inc. had the following current assets and current liabilities on its balance sheet at the end of Year 0:

Current Assets

Cash $420mm

Accounts Receivable $160mm

Inventory $280mm

Current Liabilities

Accounts Payable $110mm

Short-term Debt $350mm

Required -

a. What was the non-cash working capital at the end of Year 0?

b. Gertrude had total revenue of $4,000mm in Year 0, and revenue is expected to increase by $480mm in Year 1, to $4,480mm. What is the expected increase (or decrease) in non-cash working capital by the end of Year 1?

Reference no: EM133122703

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