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Jetson Spacecraft Corp. shows the following information on its 2015 income statement: sales = $301,569; costs = $197,890; other expenses = $9,533; depreciation expense =
Jetson Spacecraft Corp. shows the following information on its 2015 income statement: sales = $301,569; costs = $197,890; other expenses = $9,533; depreciation expense = $18,950; interest expense = $14,584; taxes = $17,011; dividends = $10,711. In addition, youre told that the firm issued $6,078 in new equity during 2015 and redeemed $3,537 in outstanding long-term debt. If net fixed assets increased by $21,463 during the year, what was the addition to NWC?
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