Question
13. Wallace Driving Schools 2020 balance sheet showed net fixed assets of $3.8 million, and the 2021 balance sheet showed net fixed assets of $4.1
13. Wallace Driving Schools 2020 balance sheet showed net fixed assets of $3.8 million, and the 2021 balance sheet showed net fixed assets of $4.1 million. The companys 2021 income statement showed a depreciation expense of $415,000. What was net capital spending for 2021? (Do not round intermediate calculations and enter your answer in
14.
The 2020 balance sheet of Dugan, Incorporated, showed current assets of $3,150 and current liabilities of $1,630. The 2021 balance sheet showed current assets of $3,000 and current liabilities of $1,605. What was the companys 2021 change in net working capital, or NWC? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations. ) |
15.
The 2020 balance sheet of Dugan, Incorporated, showed current assets of $3,150 and current liabilities of $1,630. The 2021 balance sheet showed current assets of $3,000 and current liabilities of $1,605. What was the companys 2021 change in net working capital, or NWC? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations. ) |
16.
The 2020 balance sheet of Osakas Tennis Shop, Incorporated, showed $550,000 in the common stock account and $4.7 million in the additional paid-in surplus account. The 2021 balance sheet showed $590,000 and $5.1 million in the same two accounts, respectively. If the company paid out $505,000 in cash dividends during 2021, what was the cash flow to stockholders for the year? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) |
17. 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt of $6.3 million, and the 2021 balance sheet showed long-term debt of $6.5 million. The 2021 income statement showed an interest expense of $220,000. During 2021, the company had a cash flow to creditors of $20,000 and the cash flow to stockholders for the year was $75,000. Suppose you also know that the firms net capital spending for 2021 was $1.48 million and that the firm reduced its net working capital investment by $91,000. What was the firms 2021 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) |
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