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the accounts of Weston Inc.indicate the following changes in long term assets and capital for the past year: 1)50,000 shares of common stock were sold
the accounts of Weston Inc.indicate the following changes in long term assets and capital for the past year:
1)50,000 shares of common stock were sold at $25 per share
2)$2 million in bonds matured and were retired
3)divedends of $1million were paid
4)net fixed assets declined by $200,000
5)net income was calculated to be $ 2 million
6)depreciation expense was $ 1.5 million
what was te increase or decrease in net working capital?(hint: changes in net fixed assets incorporate changes in both gross fixed assets and accumulated depreciation)
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