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2019 2020 Sales $ 740 $ 785 COGS 430 440 Interest 33 40 Dividends 16 17 Depreciation 250 210 Cash 70 100 Accounts receivables 563

2019

2020

Sales

$ 740

$ 785

COGS

430

440

Interest

33

40

Dividends

16

17

Depreciation

250

210

Cash

70

100

Accounts receivables

563

502

Current liabilities

350

400

Inventory

662

640

Long-term debt

350

420

Net fixed assets

1,680

1,413

Tax rate

35%

35%

What is net capital spending for 2020?

A.

-$57

B.

-$92

C.

-$77

D.

$25

E.

$87

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