The TimeNow Corporation Had 2010 Fixed Assets of $1345, Current

question 7

Multiple Choice

The TimeNow Corporation had 2010 fixed assets of $1345, current assets of 260, current liabilities of 180 and shareholder's equity of 775. The 2009 fixed assets were 1300, current assets of 220, long-term liabilities of 390 and shareholder's equity of 750. What was the change in net working capital for TimeNow in 2010?

• A) 80
• B) 20
• C) 60
• D) 160

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