Question
3.3 - Superior Furniture has expanded its operations over the last 5 years. Their finance director knows they have spent a lot of money over
3.3 -
Superior Furniture has expanded its operations over the last 5 years. Their finance director knows they have spent a lot of money over this time and was curious as to how much they have spent on net working capital. She hands you parts of the balance sheets for the company for 2009 and 2014. You note the following assets and liabilities:
Balance Sheet 2009
- Inventory 224
- Accounts Receivable 212
- PP&E 337
- Accounts Payable 316
- Short Term Debt 232
Balance Sheet 2014
- Inventory 626
- Accounts Receivable 718
- PP&E 550
- Accounts Payable 501
- Short Term Debt 590
How much has Superior Furniture spent on net working capital in total over the 5 years?
(please round your result to the nearest dollar and please do not include commas in your answer)
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