Previous Page Next Page Page 25 of 46 Question 25 (1 point) Calculate the change in NWC of NewTech Corporation for 2020. The following financial information is for New Tech Corporation INCOME STATEMENTS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF DOLLARS) 2020 Net Sales Cost of Goods Sold Depreciation Earnings before interest and tastes (EBIT) Interest Taxes Net income available to common stockholders Dividends $1,509.0 750.0 650 $ 6940 70.0 2120 STRO $ 103 BALANCE SHEETS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF DOLLARS) 2019 2020 $ 1040 4550 5580 Cash Accounts receivable Inventories Total current assets Fixed w Total assets $ 1600 688.0 5550 $1,403.0 $1,2090 S1, 112.0 $2660 Liable and it Accounts payable Notes payable Accruals Total current liabilities Lorem debt (bonds) Total debt Common stock (50 million shares) Reede Totalcomon equity Total liabilities and owners' equity $ 2320 1960 0 S423.0 4080 53.0 600.0 11200 $ 1,970 $ 389.0 540 5843.0 6-400 s2. $ 257.000.000