12.856 3.80 End of year 2012 2013 Current assets Liabilities Cash and securities 7,035 5,058 Short-term borrowings Trade receivables 2,144 2.213 Accounts payable Inventories 5.658 5,738 Accrued expenses Other current assets 4,947 5,136 Other current liabilities Noncurrent liabilities Long-term assets 26,219 25,419 Stockholders' equity 46,006 43,564 Total liabilities and owners cquity Mainly from the group franchisees. Receivable from suppliers for relates and commercial incentives plus short-term comercredit Mainly short-term consumer credit refinancing 2.263 12.925 3462 3,305 16.004 8.047 46,006 15.454 8,597 43.564 Total assets REVIEW QUESTIONS Transactions. Indicate the effects of the following transactions on net long-term financing (NLF), working capital requirement (CR),net short-term financing (NSF), and net profi Use + to indicate an increase, - to indicate a decrease, and to indicate no effect. NET PROFIT NSE NLF WCR Shares are issued for cash Goods from inventory are sold for cash Goods from inventory are sold on account A fixed asset is sold for cash for less than book value A fixed asset is sold for cash for more than book value Corporate income tax is paid Payment is made to trade creditors Cash is obtained through a short-term bank loan Cash is obtained through a long-term bank loan A cash dividend is declared and paid Accounts receivable are collected Merchandise is purchased on account Cash advances are made to employees Minority interest in a firm is acquired for cash Equipment is acquired for cash