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The following information was obtained from XYZ Corporation: 2023 EBIT $200,000 Interest $50,000 Depreciation $100,000 Dividends $55,000 2022 Long-term debt $600,000 2023 Long-term debt $600,000
The following information was obtained from XYZ Corporation:
2023
EBIT $200,000
Interest $50,000
Depreciation $100,000
Dividends $55,000
2022
Long-term debt $600,000
2023
Long-term debt $600,000
Capital spending was $150,000 in 2023. The net new equity issuance was $50,000 in 2023. The applicable tax rate was 30% in the year 2023. Calculate the change in net working capital for 2023. Show your calculation.
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