Consider the following abbreviated financial statements for Weston Enterprises:

Question

Consider the following abbreviated financial statements for Weston Enterprises: Weston Enterprises 2011 & 2012 Partial Balance Sheets Assets Liabilities & Owner' Equity 2011 2012 2011 2012 Current assets $936 $1,015 Current liabilities $382 $416 Net Fixed Assets 4176 4896 Long-term debt 2,160 2,477 Weston Enterprises 2012 Income Statement Sales $12,380 Costs $5,776 Depreciation $1,150 Interest paid $314 c. In 2012, Weston Enterprises purchased $2,160 in new fixed assets. How much in fixed assets did Weston Enterprises sell? What is the cash flow from assets for the year? (The tax rate is 40 %)

Explanation / Answer

Net Working Capital is a measurement of the operating liquidity available for a company to use in developing and growing its business.
The working capital can be calculated very simply by subtracting a company

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