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Weiland Company shows the following information on its 2022 income statement: sales =$336,000; costs =$194,700; other expenses =$9,800; depreciation expense =$20,600; interest expense =$14,200; taxes
Weiland Company shows the following information on its 2022 income statement: sales =$336,000; costs =$194,700; other expenses =$9,800; depreciation expense =$20,600; interest expense =$14,200; taxes =$21,275; dividends =$21,450. In addition, you're told that the firm issued $7,100 in new equity during 2022 and redeemed $5,400 in outstanding long-term debt.
If net fixed assets increased by $53,200 during the year, what was the addition to NWC?
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