A firm had after-tax Income last year of $1.0 million. Its depreciation expenses were $0.2 million, and its total cash flow was $1.0 million. What happened to net working capital during the year? Note: Enter your answer in millions rounded to 1 decimal place. Net working capital million

A firm had after-tax Income last year of $1.0 million. Its depreciation expenses were $0.2 million, and its total cash flow was $1.0 million. What happened to net working capital during the year? Note: Enter your answer in millions rounded to 1 decimal place. Net working capital million

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 4P: Talbot Enterprises recently reported an EBITDA of $8 million and net income of $2.4 million. It had...

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Question

A firm had after-tax Income last year of $1.0 million. Its depreciation expenses were $0.2 million, and its total cash flow was $1.0 million.
What happened to net working capital during the year?
Note: Enter your answer in millions rounded to 1 decimal place.
Net working capital
million

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