Using the firms net working capital calculation for the recent two years, what can you conclude about ultra cabls liquidity situation ( show your calculation for NWC). Should the shareholder be concerned regarding the firma declining cash balance or should they be pleased with the firms rising earning per share? Please explain your answer

Case 1Ultra Cable Corporation Table 2 Balance Sheet linois, ha enson a what se he gr new arte rom $10 Current Year Last Year ASSETS Cash 12,500 1,350,000 3,251,125 4,613,625 100,000 500,000 1,625,000 2,225,000 Inventories Total Current Assets Gross Fixed Assets 3,250,000 580,000 2,670,000 1,275,000 382,500 892,500 re Net Fixed Assets Total Assets 7,283,625 3,117,500 LIABILITIES&EQUITY Accounts Payable Notes Payable Total Current Liabilities 362,500 1,875,000 2,237,500 137,500 750,000 887,500 3,065,700 500,000 Long-Term Debt Common Stock and Paid in Surplus (200,000 shares outstanding) 1,500,000 480,425 7,283,625 1,500,000 230,000 3,117,500 Retained Earnings Total