Gorman Distributors Shows the Following Information on Its 2014 Income

Multiple Choice

Gorman Distributors shows the following information on its 2014 income statement: sales = $317,800; costs = $211,400; other expenses = $18,500; depreciation expense = $31,200; interest expense = $2,100; taxes = $18,600; dividends = $12,000.In addition,you're told that the firm issued $4,500 in new equity during 2014,and redeemed $6,500 in outstanding long-term debt.If net fixed assets increased by $7,400 during the year,what was the addition to net working capital?

A) $17,900
B) $14,600
C) $15,800
D) $16,200
E) $17,400