Question
Answer the following: a) The 2018 statement of financial position of Red and Green Inc. showed current assets of $3,120 and current liabilities of $1,570.
Answer the following:
a) The 2018 statement of financial position of Red and Green Inc. showed current assets of $3,120 and current liabilities of $1,570. The 2015 statement of financial position showed current assets of $3,460 and current liabilities of $1,980. What was the company's change in net working capital?
b) The 2014 statement of financial position of Bass Inc. showed long-term debt of $2.3 million, and the 2015 statement of financial position showed long-term debt of $2.55 million. The 2015 statement of comprehensive income showed an interest expense of $190,000. What was the firm's cash flow to creditors during 2015?
c) The 2014 statement of financial position of Bass Inc. showed $740,000 in the common stock account and $5.2 million in the additional retained earnings account. The 2015 statement of financial position showed $815,000 and $5.5 million in the same two accounts, respectively. If the company paid out $490,000 in cash dividends during 2015, what was the cash flow to shareholders for the year?
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