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UML Inc. had an EBIT of 73,000, depreciation expense of 8,500, and paid 19,500 in taxes. Its interest costs were $9,800; its long-term borrowing reduced

UML Inc. had an EBIT of 73,000, depreciation expense of 8,500, and paid 19,500 in taxes. Its interest costs were $9,800; 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 $31,000, what was the change in net working capital?

A.

10,600

B.

10,900

C.

11,500

D.

10,300

E.

9,700

F.

9,400

G.

10,000

H.

11,200

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