Question: please help me solve it asap Question 2 The following information was obtained from XYZ Corporation: EBIT Interest Depreciation Dividends 2021 $200,000 $50,000 $100,000 $55,000
Question 2 The following information was obtained from XYZ Corporation: EBIT Interest Depreciation Dividends 2021 $200,000 $50,000 $100,000 $55,000 2020 $600,000 2021 $600,000 Long-term debt Capital spending was $150,000 in 2021. The net new equity issuance was $50,000 in 2021. The applicable tax rate was 30% in year 2021. Calculate the change in net working capital for 2021. Show your calculation. (Hint: Income taxes = Income before taxes x Tax rate)
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