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UML Inc. had an EBIT of 71,000, depreciation expense of 8,500, and paid 19,000 in taxes. Its interest costs were $9,600; its long-term borrowing reduced
UML Inc. had an EBIT of 71,000, depreciation expense of 8,500, and paid 19,000 in taxes. Its interest costs were $9,600; 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 $30,000, what was the change in net working capital?
A. | 10,900 | |
B. | 9,400 | |
C. | 10,000 | |
D. | 11,200 | |
E. | 11,500 | |
F. | 10,300 | |
G. | 10,600 | |
H. | 9,700 |
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