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Cash Accounts receivable Inventories Total current soseta Net fixed assets Total assets 2014 24,000 30,000 28,125 $02, 125 50 000 $1151 2013 25,000 25,000 21.000

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Cash Accounts receivable Inventories Total current soseta Net fixed assets Total assets 2014 24,000 30,000 28,125 $02, 125 50 000 $1151 2013 25,000 25,000 21.000 $69,000 47,000 $16000 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 25,000 $50, 100 50,000 32.025 $82,025 STE $9,000 6,000 5, 150 $207156 25,000 $15, 150 50,000 20,850 $70,050 SV000 Income Statement for Year Ending December 31, 2014 Sales $214,000 Operating Costs excl depr 165,000 Depreciation 10.000 EBIT $ 39,000 Interest expense 1.750 EBT $ 37,250 Taxes (40%) 14,900 Net income $ 22350 Dividends paid $11,175 Which of the following statements is CORRECT? Glad's net operating working capital amounted to $15,675 for 2014 Glad's net operating working capital amounted to $63,725 for 2013, The firm's free cash flow totaled $54,000 for 2014 The firm's total invested capital amounted to $113,725 for 2014

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