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During the past year, ABC Company paid $40,000 in interest along with $2,000 in dividends. The company issued $3,000 of stock and $15,000 of new
During the past year, ABC Company paid $40,000 in interest along with $2,000 in dividends. The company issued $3,000 of stock and $15,000 of new debt. The company reduced the balance due on its old debt by $20,000. What is the amount of the cash flow to creditors? $20.000 O $38,000 O $5,000 O $45,000 O $55.000 ABC company had net income of $30,000, net new equity of $7,000, and an addition to retained earnings of $20,000. What is the amount of dividend paid? O $23,000 O $10,000 O $3,000 O $14,000 O $0 ABC Company has cash of $16,800, accounts receivable of $35,400, salaries payable of $29,800, inventory of $98,800, long-term debt of $124,000, and net fixed assets of $345,800. The firm estimates that if it wanted to cease operations today it could sell the inventory for $83,100 and the fixed assets for $349,000. The firm could collect 100 percent of its receivables as they are secured. What is the market value of the firm's assets? O $484,300 O $458,200 O $374,200 O $487,100 O $332,800
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