Question
1. Jetson Spacecraft Corp. shows the following information on its 2015 income statement: sales = $341919; costs = $186759; other expenses = $8499; depreciation expense
1. Jetson Spacecraft Corp. shows the following information on its 2015 income statement: sales = $341919; costs = $186759; other expenses = $8499; depreciation expense = $19717; interest expense = $14165; taxes = $16601; dividends = $11238. In addition, youre told that the firm issued $6050 in new equity during 2015 and redeemed $4622 in outstanding long-term debt. What is the 2015 cash flow to creditors?
2. Jetson Spacecraft Corp. shows the following information on its 2015 income statement: sales = $377197; costs = $185073; other expenses = $5171; depreciation expense = $18903; interest expense = $14214; taxes = $18267; dividends = $10726. In addition, youre told that the firm issued $6078 in new equity during 2015 and redeemed $4760 in outstanding long-term debt. If net fixed assets increased by $24897 during the year, what was the addition to NWC?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started