The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021 and 2022, while the income statement items correspond to revenues or expenses during the year ended 2021 and 2022. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 2021 $ 4,700 1,300 410 250 440 240 680 250 350 4,100 1,700 870 470 840 2022 $ 4,800 1,400 430 295 490 240 700 295 425 4,740 2,150 530 470 380 Taxes are paid in their entirety in the year that the tax obligation is incurred. t Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. What was the change in net working capital during the year? (Enter your answer in thousands of dollars.)
The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021 and 2022, while the income statement items correspond to revenues or expenses during the year ended 2021 and 2022. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 2021 $ 4,700 1,300 410 250 440 240 680 250 350 4,100 1,700 870 470 840 2022 $ 4,800 1,400 430 295 490 240 700 295 425 4,740 2,150 530 470 380 Taxes are paid in their entirety in the year that the tax obligation is incurred. t Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. What was the change in net working capital during the year? (Enter your answer in thousands of dollars.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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(34).
Subject :- Finance
Transcribed Image Text:The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021
and 2022, while the income statement items correspond to revenues or expenses during the year ended 2021 and 2022.
All values are in thousands of dollars.
es
Revenue
Cost of goods sold
Depreciation
Inventories
Administrative expenses
Interest expense
Federal and state taxes*
Accounts payable
Accounts receivable
Net fixed assets
Long-term debt
Notes payable
Dividends paid
Cash and marketable securities
2021
$ 4,700
1,300
410
250
440
240
680
Net working capital
250
350
4,100
1,700
870
470
840
2022
$ 4,800
1,400
430
295
490
240
700
295
425
Taxes are paid eir entirety the year that the tax obligation is incurred.
4,740
2,150
530
470
380
t
Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed.
What was the change in net working capital during the year? (Enter your answer in thousands of dollars.)
• Taxes are paid in their entirety in the year that the tax obligation is incurred.
† Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed.
What was the change in net working capital during the year? (Enter your answer in thousands of dollars.)
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