Homework Answers
a.
In 2014, cash was $55, it increased to $65 in 2015, hence cash increased to $10.
the change in cash during 2015 is $10
b.
To determine change in net working capital in 2015, the net working capital for both the year needs to be calculated:
Year 2014
Net working capital = Current assets - current liabilities
=cash + other current assets - accounts payable
=$55 + $165 - $ 115
=$105
Year 2015
Net working capital = Current assets - current liabilities
=cash + other current assets - accounts payable
=$65 + $170 - $125
=$110
Net change in working capital = Net working capital in 2015 - net working capital in 2014
=$110 - $105
=$5
c.
Change in net assets = Net fixed assets in 2015 - net fixed assets in 2014 =$390 - $370 = $20
Change net working assets =$5
Cash flow generated from assets = Net income - Change in fixed assets - change in net working assets
=$95 - $20 - $5
=$70
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