Calculate the net working capital (NWC) also called the absolute measure of liquidity - of DOS for 2013 through 2016. What can you conclude about the firms NWC?

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0 FNCE290 Course Case Study Delivering Outstanding Sales Income Statement for Fiscal Year Ended 12-31 S in 000 Net Sales Cost of Goods Sold Depreciation Expense Selling & Administrative Expenses Earnings Before Interest and Taxes (EBIT) Interest Expense Taxable Income Income Taxes (40% Net Income Dividends- declared& paid Additions to Retained Earnings S2,795.500$2,100,000 S1,778,894 $1,696,702 2,172,750) (1,637,500) (1,443,115) (1,393,329 51,000) 9.100 476,650 173,000 303,650 121,460 35,365 220,008 40,000 500 155,000 288,500 251,834 44,000 207,834| 182,008 400 (48,760) 133,430 72,930) 100,170 109,205 29.783 79,422 Delivering Outstanding Sales Balance Sheet At Fiscal Year End 12-31 s in 000, except number of shares ASSETS 2016 45,000 175,000 5,000 540,000 1,578,5001,300,450 2,227,8801,845,450 40,000 200,000 650.000575,000 890.000 Accounts Receivable Inventories 648,000 Total Current Assets 0 795,000 Gross Fixed Assets Accumulated Depreciation Net Fixed Assets 1,504,0001,300,000 232,000 1,177,000 1,068,000 510,000 495,000 53,000) 357,000 393,000 329,000 102,000 TOTAL ASSETS $3,404,880 S2.913.450 $1,247,000 $1,188,000 LIABILITIES & EQUITY 265,000285,000 355.000 333,290 250,000 Accounts Payable Unearned Revenue 955,000 98,000 1,053.000 745,000 150,000 895,000 90,000 Total Current Liabilities Long-term Debt Common Stock and Paid in Surplus (60,000 shares outstanding) Retained Earnin 1,426,2801,226,280 600,000 200,000 600,000 600,000 600,000 325,600 TOTAL LIABILITIES & EQUITY $3,404,8802,913,450$1,247,000 $1,188,000 192,170 92,000 FNCE290 Course Cases