Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

hi! I jeed this done urgently the faster the better! thabk you! Nightwish Corporation shows the following information on its 2021 income statement: Sales =$336,000;

image text in transcribed
hi! I jeed this done urgently the faster the better! thabk you!
Nightwish Corporation shows the following information on its 2021 income statement: Sales =$336,000; Costs =$194,700; Other expenses =$9,800; Depreciation expense = $20,600; Interest expense =$14,200; Taxes =$21,275; Dividends =$21,450. In addition, you're told that the firm issued $7,100 in new equity during 2021 and redeemed $5,400 in outstanding long-term debt. a. What is the 2021 operating cash flow? (Do not round intermediate calculations.) b. What is the 2021 cash flow to creditors? (Do not round intermediate calculations.) c. What is the 2021 cash flow to stockholders? (Do not round intermediate calculations.) d. If net fixed assets increased by $53,200 during the year, what was the addition to NWC? (Do not round intermediate calculations.)

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

Retail Investor In Focus The Indian IPO Experience

Authors: Parimala Veluvali

1st Edition

3030127559,3030127567

More Books

Students also viewed these Finance questions

Question

Under what conditions should a provision be recorded?

Answered: 1 week ago