Change in NWC Gils Barrel Company has cash flow from assets of $162,489. Last year, they bought
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Change in NWC Gil’s Barrel Company has cash flow from assets of $162,489.
Last year, they bought $334,489 worth of new long-term assets, while selling off
$217,555. In addition, the firm had EBIT of $458,600, interest expense of
$23,000, and depreciation of $24,500. Their tax rate is 35 %. This year, NWC is $168,700. What must NWC have been last year?
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