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FINANCE PLEASE HELP The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the
FINANCE PLEASE HELP
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 2018 $ 4,900 1,800 480 300 510 140 590 280 350 4,600 2,800 853 470 850 2019 $5,000 1,900 500 330 560 140 610 320 385 5,340 3,150 530 470 450 * Taxes are paid in their entirety in the year that the tax obligation is incurred. t Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. What was the change in net working capital during the year? (Enter your answer in thousands of dollars.) Net working capital by The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 $ 4,700 1,200 520 270 490 290 700 Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable + Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 2019 $ 4,800 1,300 540 335 540 290 720 410 405 4,960 4,500 520 470 320 350 350 4,300 3,000 960 470 1,600 * Taxes are paid in their entirety in the year that the tax obligation is incurred. t Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Construct a statement of cash flows for Fincorp for 2019. (Enter your answers in thousands of dollars. Negative amounts should be indicated by a minus sign.) Fincorp Inc. Statement of Cash Flows ($ in 000s) Cash flows from operations Noncash expenses Changes in working capital Total change in working capital 0 $ 0 Cash flows from investments 0 Cash flows from financing activities 0 $ 0Step by Step Solution
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