Net Working Capital Assignment | Homework For You

Southeast Systems has the following balance sheet and the income statement. Make sure the unit is in million dollars. (unit: $ in millions) Cash Accounts receivable Inventory Net fixed assets 2013 $50 600 500 1,000 Southeast Systems Balance Sheets 2014 $100 Accounts payable 700 Notes payable 550 Long-term debt 1,000 Common equity Retained earnings $2,350 Total Liabilities & Owner's Equity 2013 $450 300 650 300 450 $2,150 2014 $500 400 650 300 500 $2,350 Total Assets $2,150 Income Statement 2014 $2,370 2,070 200 Net sales Cost of goods sold Depreciation EBIT Interest expenses Taxable income Taxes Net income Dividends

(1) What is the change in net working capital (NWC) from 2013 to 2014?

(2) What is the amount of the non-cash expenses? Men million I nn million Click Save and Submit to save and submit. Click Save All Answers to save all answers, Save All Answers Close. Get Finance homework help today