1. Determine the change in net working capital attributable to the project by considering the level of inventory, accounts receivable and accounts payable as a percentage of revenues. For example, use HPs 2020 Inventory / Revenues to estimate the required percentages. (Use only accounts receivable, accounts payable and inventory to measure working capital. Other components of current assets and liabilities are harder to interpret and are not necessarily reflective of the projects required net working capital e.g. HPs cash holdings).

Period Ending: 2020 31/10 2019 31/10 2018 31/10 2017 31/10 Total Current Assets 20648 20177 21387 22318 Cash and Short Term Investments 5138 4537 5877 8146 Cash Cash & Equivalents & 4864 4537 5166 6997 Short Term Investments 274 711 1149 Total Receivables, Net 8443 8939 8003 7162 Accounts Receivables - Trade, Net , 5381 6031 5113 4414 Total Inventory 5963 5734 6062 5786 Prepaid Expenses 1104 Other Current Assets, Total 4440 967 1445 1224 Total Assets 34681 33467 34622 32913 3734 2794 2198 1878 Property/Plant/Equipment. Total - Net Property/Plant/Equipment, Total - Gross 8448 7037 6109 5958 Accumulated Depreciation, Total -4714 -4243 -3911 -4080 Goodwill, Net 6380 6372 5968 5622 Intangibles, Net 540 661 Long Term Investments 102 89 98 Note Receivable - Long Term 42 953 1695 Other Long Term Assets, Total 3379 3319 4027 1302 Other Assets, Total Total Current Liabilities 26220 25293 25131 22412 Accounts Payable 14704 14793 14816 13279 Payable/Accrued Accrued Expenses 9411 8590 7297 6575 41 50 898 976 Notes Payable/Short Term Debt Current Port of LT Debt/Capital Leases 633 307 565 96 Other Current liabilities, Total 1431 1553 1555 1486 Total Liabilities 36909 34660 35261 36321 Total Long Term Debt 5543 4780 4524 6747 Long Term Debt 5543 4780 4524 6747 Capital Lease Obligations Deferred Income Tax 25 60 100 1410 Minority Interest Other Liabilities, Total 5121 4527 5506 5752 Total Equity -2228 -1193 -639 -3408 Redeemable Preferred Stock, Total Preferred Stock - Non Redeemable, Net Common Stock, Total 13 15 16 16 Additional Paid-In Capital 963 835 663 380 Retained Earnings (Accumulated Deficit) -1961 -818 -473 -2386 Treasury Stock - Common ESOP Debt Guarantee Unrealized Gain (Loss) 11 9 5 12 Other Equity, Total -1254 -1234 -850 -1430 Total Liabilities & Shareholders' Equity 34681 33467 34622 32913 Total Common Shares Outstanding 1304 1458 1560.27 1649.58 Total Preferred Shares Outstanding