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At the beginning of the year, Scoopers Ice Cream had cash of $183, accounts receivable of $392, accounts payable of $463, and inventory of $714. At year end, cash was $167, accounts payable was $447, inventory was $682, and accounts receivable was $409. What is the amount of the net source or use of cash by working capital accounts for the year

Respuesta :

The source of cash by working capital accounts comes out to be at $15.

What is a working capital?

Working capital is computed as the variations in the current assets with respect to current liabilities.

Given values:

Total of current assets: $826 ($183+$392+$714)-$463

Total of current liabilities: $811 ($167+$682+$409)-$447

Computation of net working capital:

[tex]\rm\ Net \rm\ working \rm\ capital=\rm\ Total \rm\ current \rm\ assets - \rm\ Total \rm\ current \rm\ liabilities\\\rm\ Net \rm\ working \rm\ capital=\$826-\$811\\\rm\ Net \rm\ working \rm\ capital=\$15[/tex]

Therefore, the difference between current assets and current liabilities comes out to be positive at $15.

Learn more about the working capital in the related link:

https://brainly.com/question/13063362

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