Question
1. The 2017 balance sheet of Dream, Inc., showed current assets of $4,545 and current liabilities of $2,825. The 2018 balance sheet showed current assets
1. The 2017 balance sheet of Dream, Inc., showed current assets of $4,545 and current liabilities of $2,825. The 2018 balance sheet showed current assets of $3,280 and current liabilities of $1,690. What was the companys 2018 change in net working capital, or NWC? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.)
2 Logano Driving Schools 2017 balance sheet showed net fixed assets of $4 million, and the 2018 balance sheet showed net fixed assets of $4.2 million. The companys 2018 income statement showed a depreciation expense of $350,000. |
What was net capital spending for 2018? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) |
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