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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

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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 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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