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Chapter 2 Graded Homework i 8 10 points eBook References Saved The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,410,000,
Chapter 2 Graded Homework i 8 10 points eBook References Saved The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,410,000, $142,000 in the common stock account, and $2,670,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed long-term debt of $1,600,000, $152,000 in the common stock account and $2,970,000 in the additional paid-in surplus account. The 2019 income statement showed an interest expense of $95,000 and the company paid out $147,000 in cash dividends during 2019. The firm's net capital spending for 2019 was $980,000, and the firm reduced its net working capital investment by $127,000. What was the firm's 2019 operating cash flow, or OCF? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) Operating cash flow 9 10 points eBook References Weiland Co. shows the following information on its 2019 income statement: sales = $154,500; costs = $81,600; other expenses = $4,900; depreciation expense = $10,600; interest expense = $8,100; taxes = $17,255; dividends = $7,350. In addition, you're told that the firm issued $2,900 in new equity during 2019 and redeemed $4,500 in outstanding long-term debt. a. What is the 2019 operating cash flow? b. What is the 2019 cash flow to creditors? c. What is the 2019 cash flow to stockholders? d. If net fixed assets increased by $20,400 during the year, what was the addition to NWC? (For all requirements, do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a. Operating cash flow b. Cash flow to creditors C. Cash flow to stockholders d. Addition to net working capital 10 10 points eBook References You are given the following information for Ted's Dread Co.: sales = $86,500; costs = $59,700; addition to retained earnings = $8,500; dividends paid = $3,620; interest expense = $3,330; tax rate = 25 percent. Calculate the depreciation expense for the company. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Depreciation expense
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