If net fixed assets for 2016 was $14,000, what is the amount of the net capital spending for 2017? Remember that we use gross fixed assets to calculate net capital spending
Accounts Receivable 15% of Total Revenue
Accounts Payable 20% of Cost of Goods Sold
Notes Payable $800
Net Fixed Assets $14,800
Long-term Debt $3,500
Common Stock $10,000
Total Revenue $7,200
Cost of Goods Sold 50% of Total Revenue
Depreciation Expense $1,200
Selling, General, & Administrative Expense $1,000
Interest Expense 10% of Long-term Debt
Income Taxes 35% of Taxable Income. Get Finance homework help today
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