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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. 10,300 B. 11,200 C. 10,000 D. 9,400 E. 10,600 F. 9,700 G. 10,900 H. 11,500
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