The 2010 Balance Sheet of Global Tours Showed Current Assets

question 67

Multiple Choice

The 2010 balance sheet of Global Tours showed current assets of $1,360 and current liabilities of $940.The 2011 balance sheet showed current assets of $1,640 and current liabilities of $1,140.What was the change in net working capital for 2011?

• A)$80
• B)$170
• C)$190
• D)$880
• E)$920

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Definitions:

Corporate Intelligence

The collection and analysis of information on markets, competitors, customers, and other factors influencing the business environment, aimed at supporting strategic decision-making.

Unethical

Actions or behaviors that are considered wrong or immoral according to societal norms or professional standards.

Conflict Of Interest

A situation where an individual's personal interests potentially interfere with their professional responsibilities or duties.

Honesty

The quality of being truthful and free from deceit in actions and statements.