Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Nightwish Corporation shows the following information on its 2 0 2 1 income statement: Sales = $ 2 3 5 , 0 0 0 ;

Nightwish Corporation shows the following information on its 2021 income statement: Sales = $235,000; Costs = $141,000; Other expenses = $7,900; Depreciation expense = $14,600; Interest expense = $14,900; Taxes = $19,810; Dividends = $12,000. In addition, youre told that the firm issued $6,400 in new equity during 2021 and redeemed $4,900 in outstanding long-term debt. (Do not round intermediate calculations.)
If net fixed assets increased by $25,000 during the year, what was the addition to net working capital (NWC)?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance Fundamentals For Nonprofits

Authors: Woods Bowman

1st Edition

1118004515, 9781118004517

More Books

Students also viewed these Finance questions