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Below are the 2014 and 2013 year-end balance sheety for Glad Corporation and the 2014 income statement: Assets: Cash Accounts receivable Inventories Total current assets

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Below are the 2014 and 2013 year-end balance sheety for Glad Corporation and the 2014 income statement: Assets: Cash Accounts receivable Inventories Total current assets Net fixed assets Total assets 2014 $ 34,000 30,000 29, 125 $92, 125 50,000 $ 142, 125 2013 $ 33,000 25,000 21,000 $ 79,000 47,000 $126000 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 35,000 $ 60, 100 50,000 32,025 $82,025 $ 142, 125 $9,000 6,000 5, 150 $ 20,150 35,000 $55,150 50,000 20,850 $70,850 $125,000 Income Statement for Year Ending December 31, 2014 Sales $214,000 Operating Costs excl depr 155,000 Depreciation 20,000 EBIT $ 39,000 Interest expense 1.750 EBT $ 37,250 Taxes (40%) 14.900 Net income $ 22.350 Dividends paid $11,175 Which of the following statements is CORRECT? The firm's free cash flow totaled $41,700 for 2014. Glad's net operating working capital amounted to $64,000 for 2014. O The firm's total invested capital amounted to $123,725 for 2014. O Glad's net operating working capital amounted to $73,725 for 2013

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