Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

At the end of the year 2020, the common equity was 230,000, and the dividends paid in the year 2021 was $9,000. What is the

At the end of the year 2020, the common equity was 230,000, and the dividends paid in the year 2021 was $9,000. What is the free cash flow to equity for the year 2021?

Assets

2021

Liabilities

2021

Cash and Cash Equivalents

63,000

Current Liabilities

40,000

Short-term Investments

3,000

Long-term Liabilities

120,000

Inventory

21,000

Total Liabilities

160,000

Accounts Receivables

20,000

Total Current Assets

107,000

Total Common Equity

597,000

Fixed Assets

650,000

Total Assets

757,000

At the end of the year 2020, the common equity was 230,000, and the dividends paid in the year 2021 was $9,000. What is the free cash flow to equity for the year 2021?

Assets

2021

Liabilities

2021

Cash and Cash Equivalents

63,000

Current Liabilities

40,000

Short-term Investments

3,000

Long-term Liabilities

120,000

Inventory

21,000

Total Liabilities

160,000

Accounts Receivables

20,000

Total Current Assets

107,000

Total Common Equity

597,000

Fixed Assets

650,000

Total Assets

757,000

-376,000

376,000

-358,000

358,000

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

The Evolution Of Nordic Finance

Authors: Steffen ElkiƦr Andersen

2011th Edition

0230241557, 978-0230241558

More Books

Students also viewed these Finance questions