Homework answers / question archive / You have compiled the following information on the Shoe Store:    2016 2017 Assets      Cash$214 $187 Accounts receivable 1,306  1,259 Inventory 1,847  2,048 Net fixed assets 3,511  3,287 Total assets$6,878 $6,781 Liabilities and Equity      Accounts payable$1,414 $1,632 Other current liabilities 624  598 Long-term debt 1,320  1,264 Stockholders' equity 3,520  3,287 Total liabilities and equity$6,878 $6,781        Sales   $6,238 Cost of goods sold    2,789 General and administrative    847 Depreciation    415 EBIT   $2,187 Interest    90 EBT   $2,097 Taxes    713 Net income   $1,384    What is the amount of the net capital spending for 2017? Multiple Choice -$224 $224 $191 $362 $639

You have compiled the following information on the Shoe Store:    2016 2017 Assets      Cash$214 $187 Accounts receivable 1,306  1,259 Inventory 1,847  2,048 Net fixed assets 3,511  3,287 Total assets$6,878 $6,781 Liabilities and Equity      Accounts payable$1,414 $1,632 Other current liabilities 624  598 Long-term debt 1,320  1,264 Stockholders' equity 3,520  3,287 Total liabilities and equity$6,878 $6,781        Sales   $6,238 Cost of goods sold    2,789 General and administrative    847 Depreciation    415 EBIT   $2,187 Interest    90 EBT   $2,097 Taxes    713 Net income   $1,384    What is the amount of the net capital spending for 2017? Multiple Choice -$224 $224 $191 $362 $639

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You have compiled the following information on the Shoe Store:

 2016 2017 Assets      Cash$214 $187 Accounts receivable 1,306  1,259 Inventory 1,847  2,048 Net fixed assets 3,511  3,287 Total assets$6,878 $6,781 Liabilities and Equity      Accounts payable$1,414 $1,632 Other current liabilities 624  598 Long-term debt 1,320  1,264 Stockholders' equity 3,520  3,287 Total liabilities and equity$6,878 $6,781        Sales   $6,238 Cost of goods sold    2,789 General and administrative    847 Depreciation    415 EBIT   $2,187 Interest    90 EBT   $2,097 Taxes    713 Net income   $1,384 

What is the amount of the net capital spending for 2017?

Multiple Choice

• -$224
• $224
• $191
• $362
• $639