(PLEASE DEFINE THE FORMULA AND SHOW YOUR WORK)

(PLEASE DEFINE THE FORMULA AND SHOW YOUR WORK)

12) The December 31, 2001, balance sheet of Venus's Tennis Shop, Inc., showed current assets of $1,200 and current liabilities of S720. The December 31,2002, balance sheet showed current assets of $1,440 and current liabilities of $525. What was the company's 2002 change in net working capital, or NWC? 13) Given the following info the Soprano Pizza Co., calculate the depreciation expense: sales $21,000; costs - S10,000; addition to retained earnings - $4,000; dividends paid- S800, interest expense-$1,200, tax rate-35%