Solution-What was the change in net working capital

What was the change in net working capital

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Reference no: EM133109852

Question - Below is the balance sheet for Northern Comfort Company for December 31 of 2020 and 2021.

	2020	2021		2020	2021
Cash	900	1,100	Accounts payable	2,700	3,300
Accounts receivable	2,700	3,300	Current liabilities	2,700	3,300
Inventory	2,700	3,300	Long-term debt	5,400	6,600
Current assets	6,300	7,700	Total liabilities	8,100	9,900
Net fixed assets	11,700	14,300	Equity	9,900	12,100
Total assets	18,000	22,000	Total liab. & equity	18,000	22,000

The income statement for 2021 is also given:

	Amount
Sales	52,800
Cost	29,040
Depreciation	7,920
EBIT	15,840
Interest	5,280
EBT	10,560
Taxes	2,640
Net income	7,920

Required -

Part 1 - What was the operating cash flow for 2021?

Part 2 - What was the change in net working capital?

Part 3 - What was net capital spending in 2021?

Part 4 - What was the cash flow from assets for 2021?

Reference no: EM133109852

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What was the change in net working capital : Below is the balance sheet for Northern Comfort Company for December 31 of 2020 and 2021. What was the change in net working capital

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What was the change in net working capital

Reference no: EM133109852

Reference no: EM133109852

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