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Question 12 Using the data below, calculate the change in the net working capital from 2019 to 2020. (Show all calculations for full credit.)
Question 12 Using the data below, calculate the change in the net working capital from 2019 to 2020. (Show all calculations for full credit.) Fifth Avenue Crystals, Inc. 2020 Income Statement ($ in millions) Net sales Less: Cost of goods sold Less: Depreciation 9.610 6.310 1.370 Earnings before interest and taxes 1,930 Less: interest paid Taxable income Less: Taxes Net Income 630 1,300 455 845 2019 2020 Cash Accounts rec Inventory 310 405 Total 2.640 3.055 3.275 3.850 6.225 7.310 Accounts payable Notes payable 2019 2020 2.220 2.570 100 0 Total 2.320 2.570 Long-term debt 7,875 8.190 Net foxed assets 10.960 10,760 Common stock 5.000 5.250 Retained earnings 1,990 2.060 Total assets 17.185 18.070 Total Liability & Equity 17.185 18.070 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIVS Paragraph v Open Sans.sa. V 10pt Fifth Avenue Crystals, Inc. 2019 and 2020 Balance Sheets I (5 in millions)
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