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QUESTION 16 UML Inc. had an EBIT of 65,000, depreciation expense of 8,500, and paid 17,500 in taxes. Its interest costs were $9,000; its long-

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QUESTION 16 UML Inc. had an EBIT of 65,000, depreciation expense of 8,500, and paid 17,500 in taxes. Its interest costs were $9,000; its long- term borrowing reduced by $4,000; it raised $6,000 in new equity, and paid $12,000 in dividends. If the net capital spending was $27,000, what was the change in net working capital? 10.600 OB. 10,000 OC 10,900 OD 11,500 OE 11.200 OF. 9,700 OG 9,400 OH 10,300

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