Question

The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while t

Any help is greatly appreciated! I know the NWC is CA - CL, and so I took CAs of Inventory + AR + Cash & Marketable Securities - AP for both 2018 and 2019. (320+440+470-365) - (260+840+420-320) which is 865-1200 which is -335. Am I doing the NWC wrong?

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Net Working capital Decreased by S65 Working Notes: Change in working capital Particulars (Increase) Decrease in Inventories

Add a comment
Know the answer?
Add Answer to:
Any help is greatly appreciated! I know the NWC is CA - CL, and so I...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • The table below contains data on Fincorp Inc. The balance sheet items correspond to values at...

    The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assetst Long-term debt Notes payable Dividends paid Cash and marketable securities 2018 $4,400...

  • The table below contains data on Fincorp Inc. The balance sheet items correspond to values at...

    The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 2019 Revenue $ 4,200 $ 4,300 Cost of goods sold 1,700 1,800 Depreciation 460 480 Inventories 350 395 Administrative expenses 540 590 Interest expense 110 110 Federal and state taxes* 470 490 Accounts...

  • The table below contains data on Fincorp Inc. The balance sheet items correspond to values at...

    The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 2018 $5,600...

  • The table below contains data on Fincorp Inc. The balance sheet items correspond to values at...

    The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 $4,700 1,200 520 270 490 290 Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends...

  • Statement Saved Help Save Problem 3-37 Income versus Cash Flows (L03) The table below contains data...

    Statement Saved Help Save Problem 3-37 Income versus Cash Flows (L03) The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 $4,400 1,500 480 290 530 210 530 Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes...

  • The table below contains data on Fincorp Inc. The balance sheet items correspond to values at...

    The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 $4,489 1,500 480 290 530 210 Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes Accounts payable Accounts receivable Net fixed assetst Long-tern debt Notes payable Dividends...

  • Problem 3-37 Income versus Cash Flows (L03) The table below contains data on Fincorp Inc. The...

    Problem 3-37 Income versus Cash Flows (L03) The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 $5,700 1,600 430 350 int 500 120 Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes Accounts payable Accounts receivable...

  • The table below contains data on Fincorp Inc. The balance sheet items correspond to values at...

    The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2017 and 2018, while the income statement items correspond to revenues or expenses during the year ending in either 2017 or 2018. All values are in thousands of dollars. 2017 2018 Revenue $ 4,400 $ 4,500 Cost of goods sold 1,500 1,600 Depreciation 480 500 Inventories 290 320 Administrative expenses 530 580 Interest expense 210 210 Federal and state taxes* 530 550 Accounts...

  • The table below contains data on Fincorp Inc. The balance sheet items correspond to values at...

    The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 $4,100 1,700 470 270 520 Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid...

  • The table below contains data on Fincorp Inc. The balance sheet items correspond to values at...

    The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end of 2013 and 2014, while the income statement items correspond to revenues or expenses during the year ending in either 2013 or 2014. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assetst Long-term debt Notes payable Dividends paid Cash and marketable securities 2013...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT