Addition to net working capital
Course:- Business Economics
Reference No.:- EM131197748

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Weiland Co. shows the following information on its 2016 income statement: sales = $156,500; costs = $81,200; other expenses = $4,500; depreciation expense = $10,200; interest expense = $7,700; taxes = $18,515; dividends = $7,550. In addition, you're told that the firm issued $3,300 in new equity during 2016 and redeemed $5,300 in outstanding long-term debt.

If net fixed assets increased by $20,600 during the year, what was the addition to NWC? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Addition to net working capital            $

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