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Jetson Spacecraft Corp. shows the following information on its 2009 income statement: sales = $215,000; costs = $98,000; other expenses = $6,600; depreciation expense = $9,000; interest expense = $12,800; taxes = $31,010; dividends = $9,800. In addition, you're told that the firm issued $7,500 in new equity during 2009 and redeemed $9,100 in outstanding long-term debt. If the net fixed assets increased by $26,000 during the year, what was the addition to NWC?

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Category:- Basic Finance
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