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Asseta: Cash Accounts receivable Inventories Total current assets Net fixed assets Total assets 2014 $...

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Asseta: Cash Accounts receivable Inventories Total current assets Net fixed assets Total assets 2014 $ 24,000 30.000 28, 125 $82, 125 50.000 $132125 2013 $ 23,000 25,000 21,000 $69,000 47,000 $116.000 Liabilities and equity: Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $10,800 7,600 6, 700 $25, 100 25,000 $50, 100 50,000 32,025 $82,025 S 132-12 $9,000 6,000 5, 150 $20, 150 25,000 $45-150 50,000 20,850 $70,850 $115.000 Income Statement for Year Ending December 31, 2014 Sales $214,000 Operating costs excl depr 165,000 Depreciation 10,000 EBIT $ 39,000 Interest expense 1,750 $ 37 250 Taxes (40%) 14.900 $ 22.350 Net income $11,175 Dividends paid Which of the following statements is CORRECT? Glad's net operating working capital amounted to $63.725 for 2014, Glad's net operating working capital amounted to $15,675 for 2010 The firm's total invested capital amounted to $31.700 for 2014

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