UML Inc. had an EBIT of 71,000, depreciation expense of 8,500, and paid 19,000 in taxes. Its
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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?
A. 10,900
B. 9,400
C. 10,000
D. 11,200
E. 11,500
F. 10,300
G. 10,600
H. 9,700
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