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Hildebrand Corp had the following current asset and current liability account balances for 2007 through 2010. Given: In Millions of $ 2010 2009 2008 2007
Hildebrand Corp had the following current asset and current liability account balances for 2007 through 2010. Given: | ||||
In Millions of $ | 2010 | 2009 | 2008 | 2007 |
Cash & Equivalents | $807,926 | $560,960 | $617,866 | $658,255 |
Short Term Investments | 178,994 | 197,408 | 182,442 | 614,513 |
Cash and Short Term Investments | 986,920 | 758,368 | 800,308 | 1,272,768 |
Accounts Receivable | 2,028,060 | 2,365,823 | 2,341,609 | 2,302,447 |
Inventories | 1,456,271 | 1,441,024 | 1,450,258 | 1,262,308 |
Total Current Assets | 4,471,251 | 4,565,215 | 4,592,175 | 4,837,523 |
Accounts Payable | 1,138,770 | 1,601,413 | 1,584,959 | 1,416,367 |
Accrued Expenses | 878,454 | 901,546 | 902,164 | 863,683 |
Notes Payable/Short Term Debt | 1,038,633 | 789,285 | 979,675 | 821,126 |
Current Port. of LT Debt | 531,635 | 386,879 | 303,214 | 248,028 |
Total Current Liabilities | $3,587,492 | $3,679,123 | $3,770,012 | $3,349,204 |
a) Compute Hildebrand's operating net working capital for 2007-2010?
b) What is the annual change in operating net working capital for the sample period?
c) Analyze the firm's need for additional capital to support its need for operating working capital.
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