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| Teaching Since: | May 2017 |
| Last Sign in: | 408 Weeks Ago |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Randy Jackson owns a pet shop in nearby St. Louis, MO where he sells puppies to aspiring recording artists. RandyAc€?cs pet shop, Dawg Town, Inc, showed the following information on its 2015 income statement:
Ac€?c Sales of $196,000
Ac€?c Costs of $104,000
Ac€?c Other Expenses of $6,800
Ac€?c Depreciation Expense of $9,100
Ac€?c Interest Expense of $14,800
Ac€?c Taxes of $21,455
Ac€?c Dividends of $10,400
To capitalize on his recent success, Randy expanded Dawg Town, Inc in 2015. In doing so, the balance of net fixed assets increased by $52,203. To finance this, they issued $5,700 in new equity and $7,300 in long-term debt.
What was the change in net working capital during 2015 for Dawg Town, Inc? Hint: You will have to use the cash flow identity to find the components of cash flow from assets
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