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Verified Solution

Question

Finance

Time: 15 minutes

Total: 10 marks

2017

2018

Sales

$2,900

$3,300

COGS

2,030

2,310

Interest

410

420

Dividends

56

79

Depreciation

290

330

Cash

250

150

Receivables

242

412

Current liabilities

900

1,100

Inventory

1,015

900

Long-term debt

3,200

3,100

Net fixed assets

6,000

5,700

Tax rate

34%

34%

What is the change in net working capital during 2018?

Answer & Explanation Solved by verified expert
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