Q2. Working capital : What

was the change in net working capital during the year?

2013 2014

4000 4100 Revenue

1600 1700 Cost of goods sold

500 520 Depreciation

300 350 Inventories

500 550 Administrative expenses

150 150 Interest expense

400 420 Federal and state taxes*

300 350 Accounts Payable

400 450 Accounts Receivable

5000 5800 Net fixed assets

2000 2400 Long-term debt

1000 600 Notes payable

410 410 Dividends paid

800 300 Cash and marketable securities