Question: Chapter 3 Assignment i Saved Check my work mode : This shows what is correct or incorrect for the work you have completed so far.

 Chapter 3 Assignment i Saved Check my work mode : This

Chapter 3 Assignment i Saved Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate 8 Problem 3-32 Working Capital (LO1) 10 points The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. Revenue 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 2018 $4,000 1,400 510 260 450 150 470 300 410 2019 $4,100 1,500 530 290 500 150 490 360 470 4,800 5, 470 1,900 2,310 810 470 770 470 470 350 * 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 net working capital during the year? (Enter your answer in thousands of dollars.) Answer is complete but not entirely correct. Net working capital decreased by $ 30 X

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