(Solved): The Table Below Contains Data On Fincorp Inc. The Balance Sheet Items Correspond To Values At Year-e ...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016 while the income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016. All values are in thousands of dollars 2016 2015 $4,000 1,600 $4, 180 1.700 500 150 Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 400 5,000 5,800 2.400 2.000 1.000 Taxes are paid in their entirety in the year that the tax obligation is incurred Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed What was the change in networking capital during the year? (Enter your answer in thousands of dollars.) Change in net working capital