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Weiland Co. shows the following information on its 2014 income statement: sales = $154,000; costs = $81,700; other expenses = $5,000; depreciation expense = $10,700; interest expense = $8,200; taxes = $16,940; dividends = $7,300. In addition, you're told that the firm issued $2,800 in new equity during 2014, and redeemed $4,300 in outstanding long-term debt. Assuming net fixed assets increased by $20,350 during the year, what was the addition to NWC?

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Category:- Financial Management
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