Calculate the increase in net working capital

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Reference no: EM131219109

Ajax Ltd, in 2012, reported an amount of $45m in Accounts Receivable, which was up from $39m in the previous year. Inventories were also up on the previous year, being $25m in 2012 as compared with $21m in 2011. This investment in working capital was partly funded by an increase in Accounts Payable, which was $26m in 2012, as compared with $25m in 2011.

Calculate the increase in Net Working Capital in 2012.

(Show an increase in Net Working Capital as a positiveamount and show your answer in million dollars,)

Reference no: EM131219109

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