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In 2018, a company had depreciation expense of $550 and interest expense of $300. Dividends paid during the year were $525 and the addition to
In 2018, a company had depreciation expense of $550 and interest expense of $300. Dividends paid during the year were $525 and the addition to retained earnings for the year was $475. At the beginning of the year, long-term debt was $4,500 and owner's equity was $17,000. At the end of the year, long-term debt was $5,000 and owner's equity was $16,500. What is the cash flow to shareholders for 2018?
Please do not round intermediate calculations. Round the final answer to 2 decimal places.
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