Use the information below to answer the following questions: 2007 2008 Sales $4,

Question

Use the information below to answer the following questions: 2007 2008 Sales $4,300 4500 Depreciation 750 950 COGS 2422 2633 Interest 180 196 Cash 200 400 Acct Rec 200 300 Notes Pay 100 150 Long-term Debt 2956 1835 Inventory 8000 9500 Acct. Pay 50 100 Dividends 1800 1700 Tax rate 225 250 35% 35% List the current assets and current liabilities for 2007 and 2008. What is the net working capital for 2008? What is the cash flow from investing activities? Use the information below to answer the following questions: 2007 2008 Sales $4,300 4500 Depreciation 750 950 COGS 2422 2633 Interest 180 196 Cash 200 400 Acct Rec 200 300 Notes Pay 100 150 Long-term Debt 2956 1835 Inventory 8000 9500 Acct. Pay 50 100 Dividends 1800 1700 Tax rate 225 250 35% 35% List the current assets and current liabilities for 2007 and 2008. What is the net working capital for 2008? What is the cash flow from investing activities?

Explanation / Answer

Current assets Cash 200, 400 Acct Rec 200,300 Inventory 8000,9000 Total 8,400 9,700 Current liabilities Notes Pay 100,150 Acct Pay 50,100 Total 150, 250 2008 working capital 9,700- 250= 9,450 Cash flow from investing activities (None listed, did fixed assets get left out).

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