Determine what happened to investment in net working capital

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A firm's balance sheets for year-end 2011 and 2012 contain the following data. All items are in millions of dollars.

Dec. 31, 2011 Dec. 31, 2012
  Accounts receivable 36.7 33.4
  Inventories 30.7 26.4
  Accounts payable 26.7 13.4

 

Calculate the net working capital in 2011.

Calculate the net working capital in 2012.

What happened to investment in net working capital during 2012?

Reference no: EM13334635

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