Answered step by step
Verified Expert Solution
Question
1 Approved Answer
5. Jetson Spacecraft Corp. shows the following information on its 2011 income statement Sales- Costs of goods sold - Other expenses = Depreciation expense Interest
5. Jetson Spacecraft Corp. shows the following information on its 2011 income statement Sales- Costs of goods sold - Other expenses = Depreciation expense Interest expense- Taxes Dividends $235,000 141,000 $7,900 $17,300 $12,900 $19,565 $12,300 In addition, you are told that the firm issued $6,100 in new equity during 2011 and redeemed $4,500 in outstanding long-term debt. a) What is the 2011 operating cash flow? b) What is the 2011 cash flow to creditors? c) What is the 2011 cash flow to stockholders? d) If net fixed assets increased by $25,000 during the year, what was the addition to Net Working Capital (NWc)? 6. Prepare a 2011 balance sheet for Cornell Corp. based on the following information Cash Patents and copyrights- Accounts payable- Accounts receivable = Tangible net fixed assets- Inventory- Notes payable- Accumulated retained earnings = Long-term debt $127,000 $630,000 210,000 105,000 $1,620,000 $293,000 $160,000 $1,278,000 $845,000
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