IGNORE EVERYTHING BELOW THIS NOTICE. Use the information below to answer the fol
ID: 2373151 • Letter: I
Question
IGNORE EVERYTHING BELOW THIS NOTICE.
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
2007