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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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