30,000 20, 125 25,000 21.000 50,000 SPFE 62.000 Accounts receivabie Inventories Total current assets Net fixed assets Total assets Libilities and equity Accounts payable Accruals Notes payable Total current liabilities Long-tem debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity 510,800 7.600 6.700 $25,106 15,000 $10,100 50,000 32.025 $9,000 6,000 5,150 520,150 15.000 $35,156 50,000 20.050 016 BEN Sales Income Statement tor Year Ending December 31, 2014 $214.000 Operating Costs excl depe 170,000 Depreciation 5.000 EBIT $ 39,000 Testerest expense 1.750 EBT $ 37,250 Taxes (409) 14,900 Net income $22350 Dividends paid $11,175 Which of the following statements is CORRECT? Glad's net operating working capital amounted to $44.000 for 2013 The firm's free cash flow totaled 553 725 for 2014 Glad's net operating working capital amounted to $10.675 for 2014 The firm's total invested capital amounted to $21.700 for 2014 Below are the 2014 and 2013 year-end balance sheets for Glad Corporation and the 2014 income statement : 2014 $ 14,000 30,000 29, 125 $72, 125 50,000 SIE 2013 13,000 25,000 21,000 $59,000 47,000 $06.000 Assets: Caah Accounts receivable Inventories Total current assets Net fixed assets Total assets Liabilities and equity: Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $10,800 7,600 6, 700 $25,100 15,00 $10,100 50,000 32,025 $82,025 ST125 $9,000 6,000 5, 150 $20,150 15,000 $35,150 50,000 20,950 $70,050 $66.000 Income Statement for Year Ending December 31, 2014 Sales $214,000 Operating costs exel depr 170,000 Depreciation 5,000 EBIT $ 39,000 Interest expense 1.750 EBT $ 37,250 Taxes (40%) 14.900 Net income $ 22.350 Dividends paid $11,175