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Consider the following table that contains selected financial data for Woolworths (WOW) for financial year 2018. Net Sales Cost of Sales Accounts Receivable Invent. Accounts

Consider the following table that contains selected financial data for Woolworths (WOW) for financial year 2018.

Net

Sales

Cost of Sales

Accounts Receivable

Invent.

Accounts Payable

Curr.

Ass.

Curr.

Lia.

WOW

59,965

40,256

420

4,233

5,316

7,181

9,196

Using the data contained in the table, (a) calculate the net working capital for WOW in 2018 (Show all your calculations). (b) What Working Capital Strategy is WOW implementing? Explain why.

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