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What was the change in net working capital during last year

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Reference no: EM132049688

Question - 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 $90,000

Interest expense $9,000

Depreciation expense $8,000

Taxes $20,000

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. $ 42,500

B. $ 24,500

C. $ 29,100

D. $ 38,100

E. $ 33,500

F. $ 47,100

Reference no: EM132049688

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