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Change in net working capital

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UML Inc. had an EBIT of 63,000, depreciation expense of 8,500, and paid 17,000 in taxes. Its interest costs were $8,800; 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 $26,000, what was the change in net working capital?

Reference no: EM132408194

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