Question
Superior Furniture has expanded its operations over the last 5 years. Their finance director knows they have spent a lot of money over this time and was curious as to how much they have spent on net working capital. She hands you parts of the balance sheets for the company for 2009 and 2014. You note the following assets and liabilities:
Balance Sheet 2009
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Inventory 329
Accounts Receivable 247
PP&E 314
Accounts Payable 319
Short Term Debt 169
Balance Sheet 2014
Inventory 889
Accounts Receivable 698
PP&E 569
Accounts Payable 571
Short Term Debt 702
How much has Superior Furniture spent on net working capital in total over the 5 years?
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