What is the change in net working captial for ronson? a) 632 b) 620 c) 263 d) 481

What is the net cash flow to the bondholders of ronson? a) 120 b) 90 c) 130 d) 85

What is the net cash flow to shareholders of ronson? a) -72 b) 63 c) 55 d) 45

Revenues Cost of Goods Sold Expenses Depreciation EBIT Interest Expense Taxable Income Taxes Net Income Income Statement Value $ 4,500,000 $ 2,500,000 $ 1,000,000 $ 400,000 $ 600,000 $ 250,000 $ 350,000 $ 245,000 $ 471,916 Common Size 100% 55.6% 22.2% 8.9% 13.3% 5.6% 7.8% 5.4% 10.5% Ronson Farms Ltd Balance Sheet as of December 31, 2018 & 2019 ($ Millions) 2018 2019 Assets Current Assets Cash Accounts Receivable Inventory Total 2018 2019 Liabilities & Owners' Equity Current Liabilties Accounts payable $ 450 $ 389 Notes payable $ 450 $ 300 Total $ 900 $ 689 $ 100 $ 190 $ 600 $ 750 $ 490 $ 520 $ 1,190 $ 1,460 $ 450 $ 500 Fixed Assets Net Plant & Equipment Long-term Debt Owners' Equity Common Shares Retained Earnings Total O.E. Total Liab & O.E. $ 2,200 $ 2,300 $ 500 $ 650 $ 1,540 $ 1,921 $ 2,040 $ 2,571 $ 3,390 $ 3,760 Total Assets $ 3,390 $ 3,760