Schwert Corp. shows the following information on its 2010 income statement: sales = $193,000; costs = $96,500; other expenses = $5,100; depreciation expense = $13,800; interest expense = $10,400; taxes = $23,520; dividends = $12,500. In addition, you’re told that the fi rm issued $6,000 in new equity during 2010, and redeemed $7,500 in outstanding long-term debt.
a. What was the 2010 operating cash flow?
b. What was the 2010 cash flow to creditors?
c. What was the 2010 cash flow to stockholders?
d. If net fixed assets increased by $28,000 during the year, what was the addition to NWC?