Question
15. a. Hurricane Industries had a net income of $127,350 and paid 30 percent of this amount to shareholders in dividends. During the year, the
15.
a. Hurricane Industries had a net income of $127,350 and paid 30 percent of this amount to shareholders in dividends. During the year, the company sold $78,750 in new common stock. What was the company's cash flow to stockholders?
b. Addison Winery had beginning long-term debt of $40,946 and ending long-term debt of $46,381. The beginning and ending total debt balances were $50,671 and $55,832, respectively. The company paid interest of $4,435 during the year. What was the company's cash flow to creditors?
c.HUD, Co. had a beginning retained earnings of $28,460. For the year, the company had a net income of $5,315 and paid dividends of $1,885. The company also issued $3,435 in new stock during the year. What is the ending retained earnings balance?
d.A company has total equity of $2,100, net working capital of $220, long-term debt of $1,030, and current liabilities of $3,660. What is the company's net fixed assets?
Please answer all parts of the question.
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