Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

65. Thompson's Jet Skis has operating cash ow of $218. Depreciation is $45 and interest paid is $35. A net total of $69 was paid

image text in transcribed
65. Thompson's Jet Skis has operating cash ow of $218. Depreciation is $45 and interest paid is $35. A net total of $69 was paid on long-term debt. The firm spent $180 on fixed assets and increased net working capital by $38. What is the amount of the cash ow to stockholders? L -$104 B. -$28 C. $28 D. $114 E. $142 Cash ow of the firm = $218 - $38 - $180 = $0; Cash ow to creditors = $35 - (-$69) = $104; Cash ow to stockholders = $0 - $104 = -$104

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Financial Accounting

Authors: Carl S Warren, James M Reeve, Jonathan Duchac

11th Edition

0538480920, 9780538480925

More Books

Students also viewed these Accounting questions

Question

2. Ask questions, listen rather than attempt to persuade.

Answered: 1 week ago

Question

1. Background knowledge of the subject and

Answered: 1 week ago