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Net Working Capital

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Marble Comics Group
Balance Sheets
12/31/1999 and 12/31/2000
($ in millions)

1999 2000 1999 2000
Cash $75 $135 Accounts Payables $89 $110
Accounts Receivables $230 $214 Short term Notes Payable $227 $442
Inventory $240 $188
Long-term debt $615 $440
Fixed Assets $788 $890
Common Stock $55 $55
Retained Earnings $347 $380

Total Assets $1,333 $1,427 Total Liabilities + Equity $1,333 $1,427

Marble Comics Group
Income statement
Year Ended 12/31/2000
($ in millions)

Net Sales $905
Less: Cost of Goods Sold -$522
Less: General and Admin expenses -$93
Less: Depreciation (expense) -$110
EBIT $180
Less: Interest Paid (expense) -$61
Earnings before taxes $119
Less: Taxes -$30
Net Income $89

What is Marble Comics net working capital in 1999 and 2000?

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Please see the calculation in the attached file. In the calculation of net working ...

Solution Summary

The solution explains how to calculate net working capital for Marble Comics

$2.19