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1. Rotweiler Obedience School’s December 31, 2009, balance sheet showed net fixed assets of $1010000, and the December 31, 2010, balance sheet showed net fixed assets of $2017000. The company’s 2010 income statement showed a depreciation expense of $178000. What was Rotweiler’s net capital spending for 2010?

2. The December 31, 2009, balance sheet of Anna’s Tennis Shop, Inc., showed current assets of $1501 and current liabilities of $1133. The December 31, 2010, balance sheet showed current assets of $1802 and current liabilities of $1032. What was the company’s 2010 change in net working capital, or NWC?

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Financial Management, Finance

Category:- Financial Management
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