Question
A firm had after-tax income last year of $3.7 million. Its depreciation expenses were $0.2 million, and its total cash flow was $3.7 million.
A firm had after-tax income last year of $3.7 million. Its depreciation expenses were $0.2 million, and its total cash flow was $3.7 million. What happened to net working capital during the year? (Enter your answer in millions rounded to 1 decimal place.) Net working capital million
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim
6th Canadian edition
1259024962, 978-1259024962
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