Below are extracts from the Balance Sheet reported by Cisco (August, 2018).
iii) Calculate their Working Capital. Examine how the Working Capital has changed over the two reporting periods.
Using:
Working Capital= Current Assets less current liabilities
iv) What appear to be the main contributors to the change in working capital in order to focus further analysis?
Cisco Balance Sheet results (reported August, 2018):
ASSETS	July 28, 2019 ($)	July 29, 2017 ($)
Current assets:	8,934	11,708
Cash and cash equivalents
Investments	37,614	58,784
Accounts receivable, net of allowance for doubtful accounts of $129 at July 28 2018 and $211 at July 2019 2017	5,554	5,146
Inventories	1,846	1,616
Financing receivables, net	4,949	4,856
Other current assets	2,940	1,593
Total current assets	61,837	83,703
Property and equipment, net	3,006	3,322
Financing receivables, net	4,882	4,738
Goodwill	31,706	29,766
Purchased intangible assets, net	2,552	2,539
Deferred tax assets	3,219	4,239
Other assets	1,582	1,511
TOTAL ASSETS	108,784	129,818
LIABILITIES AND EQUITY	July 28 2018 ($)	July 29 2017 ($)
Current liabilities:	5,238	7,992
Short-term debt
Accounts payable	1,904	1,385
Income taxes payable	1,004	98
Accrued compensation	2,986	2,895
Deferred revenue	11,490	10,821
Other current liabilities	4,413	4,392
Total current liabilities	27,035	27,583
Long-term debt	20,331	25,725
Income taxes payable	8,585	1,250
Deferred revenue	8,195	7,673
Other long-term liabilities	1,434	1,450
Total liabilities	65,580	63,681
Total equity	43,204	66,137
TOTAL LIABILITIES AND EQUITY	108,784	129,818