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The following financial statements are for Target FY2021 and FY2020. Calculate the year over year change in net working capital. (Hint: do not include the
The following financial statements are for Target FY2021 and FY2020. Calculate the year over year change in net working capital. (Hint: do not include the current portion of LTD in the calculation).
Income Statement | Balance Sheet | ||||
FY2021 | FY2021 | FY2020 | |||
Sales | 106,005 | Cash | 5911 | 8511 | |
COGS | 74,963 | Inventory | 13902 | 10653 | |
SGA | 19,752 | Other Current Assets | 1760 | 1592 | |
Deprec. | 2,344 | Total Current Assets | 21573 | 20756 | |
EBIT | 8,946 | Net PPE | 32238 | 30492 | |
Interest Expense | 39 | Total Assets | 53811 | 51248 | |
EBT | 8,907 | ||||
Taxes | 1,961 | Accounts Payable | 15478 | 12859 | |
Net Income | 6,946 | Other CL | 6098 | 6122 | |
Current portion of LTD | 171 | 1144 | |||
Dividends | 8,648 | Total CL | 21747 | 20125 | |
Long-term Debt | 19,237 | 16,683 | |||
Total Liab. | 40984 | 36808 | |||
Common Stock | 6460 | 6371 | |||
Retained Earnings | 6367 | 8069 | |||
Total Equity | 12827 | 14440 | |||
Total L and E | 53811 | 51248 |
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