Suppose You Have the Beginning and Ending Year Statement of Financial

Multiple Choice

Suppose you have the beginning and ending year statement of financial positions of Samco, a steel company based in Hamilton, along with the year's statement of comprehensive income. Changes in net working capital (NWC) would be calculated as:

A) Ending NWC plus depreciation minus beginning NWC.
B) Ending NWC minus depreciation minus beginning NWC.
C) Ending NWC plus taxes paid plus beginning NWC.
D) Ending NWC minus beginning NWC.
E) Ending NWC plus beginning NWC.