Question: I could not do it 5 Problem 3-32 Working Capital (L01) 10 points The table below contains data on Fincorp Inc. The balance sheet items
I could not do it 5 Problem 3-32 Working Capital (L01) 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. Book Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Tederal and state taxes Accounts payable Accounts receivable et fixed asseta' Long-term debt Notes payable Dividends pala Cash and marketable securities Print 2018 $5,700 1,600 430 350 500 120 920 260 450 5,800 2.000 820 350 760 2019 $ 5,800 1,700 450 405 550 120 940 335 References 2,320 490 350 370 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 not working capital during the year? (Enter your answer in thousands of dollars.) Net working capital decreased by $ 40.000
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