#3	CBS has
	Net working Capital	$560
	Net fixed Assets	$2,306
	Sales	$6,700
	Current Liabilities	$870
#3	How many dollars worth of sales are generated from every $1 in Total Assets?
	a	Sales generated by $1 in Total Assets =	1.79
	b	Sales generated by $1 in Total Assets =	1.97
	c	Sales generated by $1 in Total Assets =	1.75
	d	Sales generated by $1 in Total Assets =	2.06
#4		2020 Income Statement
	Net sales	$9,390
	Cost of goods sold	$7,660
	Depreciation	$455
	Earnings before interest and taxes	$1,275
	Interest paid	$100
	Taxable income	$1,175
	Taxes	$411
	Net income	$764
		Balance Sheet
		2019	2020
	Cash	$210	$240
	Accounts rec.	$960	$860
	Inventory	$1,750	$1,665
	Total current Assets	$2,920	$2,765
	Net fixed assets	$3,370	$3,910
	Total assets	$6,290	$6,675
	Accounts Payable	$1,205	$1,335
	LongTerm Debt	$1,185	$1,355
	Common Stock	$3,300	$3,345
	Retained Earnings	$600	$640
		$6,290	$6,675
#4	What is the change in net working capital in 2020?
	a	Change in Working Capital in 2020 =	($285)
	b	Change in Working Capital in 2020 =	$285
	c	Change in Working Capital in 2020 =	$585
	d	Change in Working Capital in 2020 =	($585)