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Weiland Co. shows the following information on its 2016 income statement: sales $153,000; costs- $81,900; other expenses-$5,200; depreciation expense $10,900; interest expense- $8,400; taxes-$16,330; dividends-$7,200.
Weiland Co. shows the following information on its 2016 income statement: sales $153,000; costs- $81,900; other expenses-$5,200; depreciation expense $10,900; interest expense- $8,400; taxes-$16,330; dividends-$7,200. In addition, you're told that the firm issued $2,600 in new equity during 2016 and redeemed $3,900 in outstanding long-term debt. If net fixed assets increased by $20,250 during the year, what was the addition to NWC? Select one: O a. $13,230 b. $1,325 c. $1,520 d. $6,930 O e. $13,700
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