Attempts Average: ?, B. Baskc concepts A Aa During the wake of the financial crisis, Ben Bernanke, chairman of the Fedenal workihg capital" are the most Important factors as private-sedtor businesses struggle to overcome the current econamic accessing capital markets (15M Global Business Services, Managing working Caplital in the New Eainomic Environment, http://www-935 Reserve, said that shortening the cash cyde and better use of volatlity and difficulty Considering how important working capital management is, spentworth Co. dedded to evaluate the amount of working capilal being used In th firm and eoxplare the prospects of how its working capital will be financed Spentworth Co, reported the following results for current assets and fiablities on its most recent balance sheets. Interestingly, the compeny's sales did not change-it reported sales of $11,100 for its most recent year as well as for last year The columns labeled "ending (9)'show results at the end of the most recent year, and the columns labeled "teginning (9) show resulits ot the end of the previous year Beginning (s) ending ($) Beginning (9) Ending(S) Ourrent zeset Current liablities cash 2,500 5,000 3,900 5,000Accounts payable 4,000 Notes payable 3,400Accruals 4,800 3,200 4,900 3,600 Accounts receivable usng the informatio, given and 365-day year, calculate days of wad ng capital, net working capital, and nat operating working capital for spent orth Co. use your calculations to complete the follow ng statements: days at the end of Spentworth Co.'s days of warking capital improved from the most recent year days in the previous year to . at the end of last year The company's net working capital increased from $3,500.0o in the previous year to - Spentworth Co's net operating working capital increased from in the previous year to $7,500.00 at the end of last Consider the following statement: Lf Spentworth Co.overoptimizes its manufacturing process, neducing its gobds-in-process inventory to belore industbry levels, it would completely eliminate business risk Based on your undestanding of working capital, operating assets, and ronoperating asses, ideniry whether the preceding statement is true for Spentworth Co. O This statement s foise for Spentiworth co This statement a true for spentworth OD