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Calculating Cash Flows (LO 4) Weiland Co. shows the following information on its 2016 income statement: sales - $ 153,500; costs = $81,800; other expenses

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Calculating Cash Flows (LO 4) Weiland Co. shows the following information on its 2016 income statement: sales - $ 153,500; costs = $81,800; other expenses = $5,100; depreciation expense = $10,800; interest expense = $8,300; taxes = $16,625; dividends = $7,250. In addition, you're told that the firm issued $2,700 in new equity during 2016 and redeemed $4,100 in outstanding long-term debt. If net fixed assets increased by $20,300 during the year, what was the addition to NWC? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Hint: Cash flow from assets = OCF - Change in NWC - Net capital spending Try to figure out OCF, CFFA, and NCS, and then plug the numbers in to the equation above, solving for Changes in NWC

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