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What is the change in net working capital between 2006 and 2007? 300 900 8600 9500

What is the change in net working capital between 2006 and 2007? 300 900 8600 9500

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Use these financial statements to answer all the questions on this quiz. Balance Sheet 2006 2007 2006 2007 Cash $ 1,400 $ 2,300 Accounts payable $ 5,300 $ 4,700 Accounts receivable 4,100 4,300 Long-term debt 12,800 9,400 Inventory 8,400 7,600 Common stock 7,500 10.000 Net fixed assets 17,600 19,100 Retained earnings 5,900 9,200 Total assets $31,500 $33,300 Total liabilities and equity $31,500 $33,300 Income Statement Net Sales $32,700 Costs 20,705 Depreciation 2,510 EBIT 9,485 Interest 1,000 Taxable income 8,485 Taxes 2,885 Net Income $ 5,600
Transcribed Image Text:Use these financial statements to answer all the questions on this quiz. Balance Sheet 2006 2007 2006 2007 Cash $ 1,400 $ 2,300 Accounts payable $ 5,300 $ 4,700 Accounts receivable 4,100 4,300 Long-term debt 12,800 9,400 Inventory 8,400 7,600 Common stock 7,500 10.000 Net fixed assets 17,600 19,100 Retained earnings 5,900 9,200 Total assets $31,500 $33,300 Total liabilities and equity $31,500 $33,300 Income Statement Net Sales $32,700 Costs 20,705 Depreciation 2,510 EBIT 9,485 Interest 1,000 Taxable income 8,485 Taxes 2,885 Net Income $ 5,600
What is the change in net working capital between 2006 and 2007? 300 900 8600 9500 QUESTION 2 What is the net capital spending? 1010 1500 2510 4010
Transcribed Image Text:What is the change in net working capital between 2006 and 2007? 300 900 8600 9500 QUESTION 2 What is the net capital spending? 1010 1500 2510 4010
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