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Problem regarding the worth of fixed assets

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Kurt's Kite Company, Inc. had Net Income of $640,000 last year.  They have interest expense of $76,000 and a tax rate of 35%.  The firm did not have any deprecation during the year.  If the firm bought $129,000 worth of fixed assets and did not sell any.  The firm has CFFA of $570,385.  If their current NWC is $78,000, how much was last year NWC?

  • A.$32,889
  • B.$45,615
  • C.$61,385
  • D.$41,892

Reference no: EM131064344

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