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You are given the following information for last year for Four Corners, Inc. (FCI). Sales $200,000 Increase in net fixed assets $15,000 SG&A Expenses $15,000
You are given the following information for last year for Four Corners, Inc. (FCI).
Sales | $200,000 |
Increase in net fixed assets | $15,000 |
SG&A Expenses | $15,000 |
Cost of goods sold | $75,000 |
Interest expense | $9,000 |
Depreciation expense | $8,000 |
Taxes | $21,400 |
New equity raised | $8,000 |
Net increase (or decrease) in long-term debt | ($2,500) |
Dividends | $15,000 |
What was the change in net working capital during last year?
| A. | $ 29,100 |
| B. | $ 38,100 |
| C. | $ 24,500 |
| D. | $ 47,100 |
| E. | $ 42,500 |
| F. | $ 33,500 |
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