Question: Firm CDE had Total Fixed Assets, Current Assets and Current Liabilities for this year and last year as shown below. This year Last year Total

Firm CDE had Total Fixed Assets, Current Assets and Current Liabilities for this year and last year as shown below.

This year Last year

Total Fixed Assets $33,000,000 $27,000,000

Current Assets $5,000,000 $3,500,000

Current Liabilities $3,000,000 $2,000,000

Depreciation* $3,000,000

*Assume that Depreciation is a capital expenditure.

Firm CDEs Capital Spending is equal to:

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