QUESTION 16 Given the following Financial Information Answer the following question: Cash Accounts Receivable Inventory Prepaid Assets Other Assets Total Current Assets Net PPE Intangibles Total Assets Accounts Payable Salary Payable Notes Payable Total Current abilities Long-Term Debt Total Liabilities Common Stock Retained Earnings total equity 2017 3,000 1,000 7,000 6,000 4,000 21,000 50,000 7,000 78,000 3,000 8,000 2.000 13.000 40.000 53,000 60,000 -35,000 25.000 2018 1,563,000 1,015.050 547,050 27,000 15,000 5,000 2018 477,947 1,100 7,700 6,600 4,400 497,747 33,000 7,000 537.747 3,300 8,800 2,000 14,100 40,000 54,100 60,000 423,647 483,647 Sales COGS Gross Profit SOLA Other Operating Expenses Depreciation Intangibles Total Assets Accounts Payable Salary Payable Notes Payable Total Current Liabilities Long-Term Debt Total Liabilities Common Stock Retained Earnings total equity 7,000 537,747 3,300 8,800 2,000 14,100 40,000 54,100 60,000 423,647 483,647 7,000 78,000 3,000 8.000 2,000 13,000 40,000 53,000 60,000 -35,000 25,000 2018 1,563,000 1,015,950 547,050 27,000 15,000 5,000 4,371 7,510 493, 169 34,522 Sales COGS Gross Profit SG&A Other Operating Expenses Depreciation Interest Taxes Net Income dividends Calculate the Change in Net Operating Working Capital (NOWC) a $-475,647.37 b. $-476,747.37 c. $475,647.37 d. $475,747.37