Question
Question 13 Your review of the financial statements for M&M Food Corporation provided the following information: 2011 2012 Sales $5,831,000 $6,423,000 COGS 3,670,000 4,109,000 Interest
Question 13
Your review of the financial statements for M&M Food Corporation provided the following information:
|
| 2011 | 2012 |
| Sales | $5,831,000 | $6,423,000 |
| COGS | 3,670,000 | 4,109,000 |
| Interest | 291,000 | 280,000 |
| Depreciation | 125,000 | 122,000 |
| Cash | 250,000 | 313,000 |
| Accounts receivable | 1,092,000 | 1,162,000 |
| Current liabilities | 717,000 | 1,051,000 |
| Inventory | 1,495,000 | 1,521,000 |
| Long-term debt | 2,400,000 | 1,100,000 |
| Net fixed assets | 4,006,000 | 4,123,000 |
| Common stock | 1,900,000 | 2,100,000 |
| Taxes | 590,000 | 670,000 |
What is the change in net working capital from 2011 to 2012?
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Derivatives Markets
Authors: Rober L. Macdonald
4th edition
321543084, 978-0321543080
