UML Inc. had an EBIT of 71,000, depreciation expense of 8,500, and paid 19,000 in taxes. Its
Fantastic news! We've Found the answer you've been seeking!
Question:
UML Inc. had an EBIT of 71,000, depreciation expense of 8,500, and paid 19,000 in taxes. Its interest costs were $9,600; its long-term borrowing reduced by $4,000; it raised $6,000 in new equity; and paid $12,000 in dividends. If the net capital spending was $30,000, what was the change in net working capital?
Posted Date: