5-(20 marks)

	2017	2018
Sales	$2,900	$3,300
COGS	2,030	2,310
Interest	410	420
Dividends	56	79
Depreciation	290	330
Cash	250	150
Receivables	242	412
Current liabilities	900	1,100
Inventory	1,015	900
Long-term debt	3,200	3,100
Net fixed assets	6,000	5,700
Tax rate	34%	34%

What is the change in net working capital during 2018? A. -$245 B. -$125 C. $362 D. $607 E. $904

6- (20 marks)

Master Machines, Inc.
	2017	2018
Sales	$1,240	$1,385
COGS	820	910
Interest	25	20
Dividends	25.50	25.90
Depreciation	270	240
Cash	110	95
Accounts receivable	145	165
Current liabilities	380	469
Inventory	410	440
Long term debt	300	320
Net fixed assets	620	660
Common stock	500	350
Tax rate		34%

What is the operating cash flow for 2018? A. $381.90 B. $396.10 C. $401.90 D. $440.10 E. $451.90