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Sales = $260,000, cost of goods sold = $180,000, depreciation = $15,000, interest paid = $40,000, addition to retained earnings = $12,500, tax rate =
Sales = $260,000, cost of goods sold = $180,000, depreciation = $15,000, interest paid = $40,000, addition to retained earnings = $12,500, tax rate = 30%. During the year, net working capital increased by $12,000, the company issued $15,000 in equity and redeemed $14,000 in outstanding long-term debt. What is change in net fixed assets?
A. | Below $0 | |
B. | Between $0 and $10,500 | |
C. | Between $10,500 and $20,500 | |
D. | Between $20,500 and $30,500 | |
E. | Between $30,500 and $40,500 | |
F. | Between $40,500 and $50,500 | |
G. | Between $50,500 and $60,500 | |
H. | Above $60,500 |
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