REQUIRED :

1. Schedule of Changes in NET WORKING CAPITAL and FUNDS FLOW STATEMENT (NWC)

FUNDS FLOW STATEMENT Examples Financial statements for the West Corporation follow: West Corporation Balance Sheet December 31 (millions) 2019 2018 2018 2019 P 5 10 Cash Accounts receivable Inventory Current Assets Net plant P4 7 12 P 23 40 15 P 30 40 Accounts payable Notes payable Accrued wages Accrued taxes Current liabilities Long-term debt Common stock Retained earnings Total liabilities and net worth P8 P10 5 3 3 2 P 18 P 20 20 20 10 10 15 20 Total assets P63 P 70 P 63 P 70 P 95 West Corporation Income Statement For Year Ended December 31, 2019 (millions) Sales Cost of goods sold P. 50 Selling, general, and administrative expenses 15 Depreciation 3 Interest 2 Net income before taxes Taxes Net income 70 P 25 10 P 15