Chapter 7 Working Capital Management
These include sales representatives’ wages, car expenses and depreciation on cars, warehouse rent and additional losses from having to write off out-of-date and slow-moving inventory items. The statement of financial position of the company might change over time from (A) to (B). Situation A. Situation B $ $ $ $ $ $ Non-current assets. 160,000 210,000 . Current assets. Inventory. 60,000 ... ................
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