Question: Firm EFG had Total Fixed Assets, Current Assets and Current Liabilities for this year and last year as shown below. Total Fixed Assets Current Assets

Firm EFG had Total Fixed Assets, Current Assets and Current Liabilities

Firm EFG had Total Fixed Assets, Current Assets and Current Liabilities for this year and last year as shown below. Total Fixed Assets Current Assets Current Liabilities This year $40,000,000 $10,000,000 $6,000,000 Last year $35,000,000 $9,000,000 $8,000,000 Firm EFG had the following values for EBIT, Taxes and Depreciation for this year. This year EBIT $15,000,000 Taxes $5,000,000 Depreciation* $4,000,000 *Assume that Depreciation is a capital expenditure. Firm EFG's Working Capital Spending is: a $1,000,000 O b. $5,000,000 O c. $3,000,000 d. $4,000,000

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