Question
If net fixed assets increased by $20,250 during the year, what was the addition to NWC? Sales153,000 Costs81,900 Other Expenses5,200 Depreciation10,900 Interest Expense8,400 Taxes16,330
If net fixed assets increased by $20,250 during the year, what was the addition to NWC?
Sales153,000
Costs81,900
Other Expenses5,200
Depreciation10,900
Interest Expense8,400
Taxes16,330
Dividends7,200
New Equity2,600
Redeemed LT Debt3,900
Step by Step Solution
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Step: 1
To calculate the addition to Net Working Capital NWC we can use the following formula textAddition to NWC Delta textNWC Delta textCurrent Assets Delta ...
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Ro
7th Canadian Edition
007090653X, 978-0070906532, 978-0071339575
