Question
Following information is for solving questions in this section below. The 2020 and 2021 statements of financial position of Elizabeth's Bicycle Shop Inc. showed the
Following information is for solving questions in this section below. The 2020 and 2021 statements of financial position of Elizabeth's Bicycle Shop Inc. showed the following
| As of December 31, 2020 | As of December 31, 2021 | |
| Long Term Debt | 1,600,000 | 1,750,000 |
| Common Stock | 855,000 | 915,000 |
| Accumulated Retained Earnings | 5,200,000 | 5,500,000 |
| Interest Paid 2021 | 160,000 | |
| Dividends Paid 2021 | 465,000 | |
| Net Capital Spending in 2021 | 1,450,000 | |
| Reduction in Net Working Capital 2021 | 55,000 |
What was the firm's cash flow to creditors (bondholders) during 2021?
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Dividend Growth Investing Machine
Authors: Andrew P.C.
1st Edition
1521728461, 978-1521728468
