Consider the Information Below from a Firm's Balance Sheet for 2013

question 30

Essay

Consider the information below from a firm's balance sheet for 2013 and 2014. $$\begin{array} { l r r r } \text { Current Assets } & 2014 & 2013 & \text { Change } \\\text { Cash and Equivalents } & \$ 1,561 & \$ 1,800 & - \$ 239 \\\text { Short-Term Investments } & \$ 1,052 & \$ 3,010 & - \$ 1,958 \\\text { Accounts Receivable } & \$ 3,616 & \$ 3,129 & \$ 487 \\\text { Inventories } & \$ 1,816 & \$ 1,543 & \$ 273 \\\text { Other Current Assets } & \$ 707 & \$ 601 & \$ 106 \\\text { Total Current Assets } & \$ 8,752 & \$ 10,083 & - \$ 1,331 \\\text { Current Liabilities } & & & \\\text { Accounts Payable } & \$ 5,173 & \$ 5,111 & \$ 62 \\\text { Short-Term Debt } & \$ 288 & \$ 277 & \$ 11 \\\text { Other Current Liabilities } & \$ 1,401 & \$ 1,098 & \$ 303 \\\text { Total Current Liabilities } & \$ 6,862 & \$ 6,486 & \$ 376\end{array}$$ What is the Net Working Capital for 2014? What is it for 2013? What is the Change in Net Working Capital (NWC)? Assuming the Operating Cash Flows (OCF)are $7,155 and the Net Capital Spending (NCS)is $2,372,what is the Cash Flow from Assets?

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Definitions:

Connective

In logic and linguistics, a word or phrase that links sentences or clauses, such as and, or, but.

Clause

A logical unit within a sentence, containing a subject and a predicate, which may stand alone or function as part of a larger sentence.

Predicate

The segment of a sentence or clause which includes a verb and provides information about the subject.

Nonrestrictive Clause

A clause which provides additional information about a noun or pronoun in a sentence but does not limit or define it in an essential way.