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given the following information. how do you determine change in net working capi

ID: 2648192 • Letter: G

Question

given the following information. how do you determine change in net working capital

#

Items as indicated above (List below)

Years >

0

1

2

3

4

5

1

Initial invest

-7000

2

Net revenues

5000

5000

5000

5000

5000

3

Cash op. exp.

3000

3000

3000

3000

3000

4

Depr. Exp.

[a]

1240

1240

1240

1240

1240

5

Sale/salvage

800

6

Cost of capital

List %

10%

7

Change net working capit.

#

Items as indicated above (List below)

Years >

0

1

2

3

4

5

1

Initial invest

-7000

2

Net revenues

5000

5000

5000

5000

5000

3

Cash op. exp.

3000

3000

3000

3000

3000

4

Depr. Exp.

[a]

1240

1240

1240

1240

1240

5

Sale/salvage

800

6

Cost of capital

List %

10%

7

Change net working capit.

Explanation / Answer

Change in net working capital - we are calculating change in working capital with below mention sequence.

Sales Revenue - Operating Expense - Taxes - Net Investment = Change in Working Capital

Items as indicated above (List below) Years > 0 1 2 3 4 5 Intial Investment (7000) Opening Balance of Working Capital (7000) (6240) (5480) (4720) (3960) Revenues 5000 5000 5000 5000 5000 Less: Cash Ope. Exp. 3000 3000 3000 3000 3000 Less: Depriciation Exp. 1240 1240 1240 1240 1240 Add: Sale / Salvage 800 Change in Net Working Capital (7000) (6240) (5480) (4720) (3960) (2400)