Wise's Corner Grocer had the following current account values.What effect did the change in net working capital have on the firm's cash flows for 2012? $$\begin{array} { l c c }
& \underline { 2011 } & \underline { 2012 } \
\text { Cash } & 90 & 112 \
\text { Accounts receivable } & 309 & 321 \
\text { Inventory } & 919 & 850 \
\text { Accounts payable } & \$ 617 & \$ 714
\end{array}$$
A)net use of cash of $37
B)net use of cash of $83
C)net source of cash of $83
D)net source of cash of $132
E)net source of cash of $135

Question

Wise's Corner Grocer had the following current account values.What effect did the change in net working capital have on the firm's cash flows for 2012? $$\begin{array} { l c c } 
& \underline { 2011 } & \underline { 2012 } \
\text { Cash } & 90 & 112 \
\text { Accounts receivable } & 309 & 321 \
\text { Inventory } & 919 & 850 \
\text { Accounts payable } & \$ 617 & \$ 714
\end{array}$$
A)net use of cash of $37
B)net use of cash of $83
C)net source of cash of $83
D)net source of cash of $132
E)net source of cash of $135

Quizplus · Accepted Answer

The Answer of Wise's Corner Grocer had the following current account values.What effect did the change in net working capital have on the firm's cash flows for 2012? $$\begin{array} { l c c } 
& \underline { 2011 } & \underline { 2012 } \
\text { Cash } & 90 & 112 \
\text { Accounts receivable } & 309 & 321 \
\text { Inventory } & 919 & 850 \
\text { Accounts payable } & \$ 617 & \$ 714
\end{array}$$
A)net use of cash of $37
B)net use of cash of $83
C)net source of cash of $83
D)net source of cash of $132
E)net source of cash of $135

Wise's Corner Grocer Had the Following Current Account Values A)net Use of Cash of $37 B)net Use of Cash

Wise's Corner Grocer Had the Following Current Account Values A)net Use of Cash of $37
B)net Use of Cash