A firm had after-tax income last year of $1.2 million. Its depreciation expenses were $.4 million, and its total cash flow was $1.2 million. What happened to net working capital during the year?
A firm had after-tax income last year of $1.2 million. Its depreciation expenses were $.4 million, and its total cash flow was $1.2 million. What happened to net working capital during the year?
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Related Book For 
Fundamentals of Corporate Finance
6th Canadian edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim
ISBN: 978-1259024962