Question
Darwin Corp. shows the following information from its 2019 statement of comprehensive income. In 2019, the firm issued $6,242 in new shares, paid $14,481 dividend,
Darwin Corp. shows the following information from its 2019 statement of comprehensive income.
In 2019, the firm issued $6,242 in new shares, paid $14,481 dividend, and reduced $5,140 outstanding long-term debt. The corporate tax rate was 0.43.
|
| ||
| Sales | $ | 255,206 |
| Costs |
| 157,942 |
| Depreciation |
| 17,246 |
| Other expenses |
| 8,864 |
| Interest |
| 14,259 |
Compute the 2019 CFC (cash flow to creditors) amount
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
10th Edition
0201785676, 9780201785678
