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Calculate net capital spending during the fiscal year 2019. 19.12.31 18.12.31 19.12.31 18.12.31 ASSETS 600 500 LIABILITIES 260 210 360 280 Current liabilities 210 150
Calculate net capital spending during the fiscal year 2019. 19.12.31 18.12.31 19.12.31 18.12.31 ASSETS 600 500 LIABILITIES 260 210 360 280 Current liabilities 210 150 Current assets Cash & marketable securities 100 80 Notes payable 50 50 Accounts receivable 120 100 Accounts payable 160 100 140 100 Long-term liabilities 50 60 Inventory Fixed assets - net 240 220 Property, plant & equipment 180 160 EQUITY 340 290 Other fixed assets 60 60 140 140 Common stock (10 shares) Retained earnings 200 150 2019 200 60 18 34 2 Sales (-) Cost of goods sold (-) Depreciation (-) Selling, general, and administrative expenses (-) Other expenses EBIT (-) Interest expense Taxable income (-) Taxes Net income 86 10 76 8 68
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