Schwert Corp. shows the following information on its 2017 income statement: sales = $225,000; costs = $103,200;
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Schwert Corp. shows the following information on its 2017 income statement: sales = $225,000; costs = $103,200; other expenses = $6,100; depreciation expense = $15,300; interest expense = $11,200; taxes = $31,227; dividends = $18,100. In addition, you’re told that the firm issued $6,000 in new equity during 2017, and redeemed $8,500 in outstanding long-term debt.
a. What was the 2017 operating cash flow?
b. What was the 2017 cash flow to creditors?
c. What was the 2017 cash flow to stockholders?
d. If net fixed assets increased by $33,000 during the year, what was the addition to net working capital?
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Related Book For
Corporate Finance Core Principles and Applications
ISBN: 978-1259289903
5th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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