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You have gathered this information on JJ Enterprises: 2017 2018 Sales $6,318 $7,202 COGS 3,945 4,460 Interest 303 277 Depreciation 1,204 1,196 Cash 672 418
You have gathered this information on JJ Enterprises:
| 2017 | 2018 |
Sales | $6,318 | $7,202 |
COGS | 3,945 | 4,460 |
Interest | 303 | 277 |
Depreciation | 1,204 | 1,196 |
Cash | 672 | 418 |
Accounts receivables | 601 | 578 |
Current liabilities | 414 | 463 |
Inventory | 1,215 | 1,598 |
Long-term debt | 4,780 | 4,103 |
Net fixed assets | 7,700 | 7,330 |
Shareholders equity | 4,994 | 5,358 |
Taxes | 217 | 317 |
Net capital spending for 2018
Group of answer choices
was positive
was negative
Cannot be determined because of the depreciation expense in 2018.
was zero
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