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8. Net Working Capital and Capital Spending [LO4] Could a company's change in NWC be negative in a given year? (Hint: Yes.) Explain how this

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8. Net Working Capital and Capital Spending [LO4] Could a company's change in NWC be negative in a given year? (Hint: Yes.) Explain how this might come about. What about net capital spending? 9. Cash Flow to Stockholders and Creditors [LO4] Could a company's cash flow to stockholders be negative in a given year? (Hint: Yes.) Explain how this might come about. What about cash flow to creditors? 10. Firm Values [LO1] Referring back to the General Motors example used at the beginning of the chapter, note that we suggested that General Motors stockholders probably didn't suffer as a result of the reported loss. What do you think was the basis for our conclusion

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