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The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016. Al values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes" Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 2015 $4,800 1,800 530 250 440 160 560 300 420 5,800 2,800 700 370 810 2016 $4,900 1,900 550 310 490 160 580 360 490 6,500 3,150 510 370 490 Taxes are paid in their entirety in the year that the tax obligation is incurred, f Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. What was the change in net working capital during the year? Change in networking capital
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