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Question 9: Time: 15 minutes Total: 10 marks 2017 2018 Sales $2,900 $3,300 COGS 2,030 2,310 Interest 410 420 Dividends 56 79 Depreciation 290 330
Question 9:
Time: 15 minutes
Total: 10 marks
|
| 2017 | 2018 |
| Sales | $2,900 | $3,300 |
| COGS | 2,030 | 2,310 |
| Interest | 410 | 420 |
| Dividends | 56 | 79 |
| Depreciation | 290 | 330 |
| Cash | 252 | 152 |
| Receivables | 245 | 414 |
| Current liabilities | 908 | 1,105 |
| Inventory | 1,017 | 902 |
| Long-term debt | 3,200 | 3,100 |
| Net fixed assets | 6,000 | 5,700 |
| Tax rate | 34% | 34% |
What is the change in net working capital during 2018? Show calculations in detail
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