Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jetson Spacecraft Corp. shows the following information on its 2009 income statement: sales = $197,000; costs = $101,000; other expenses = $5,400; depreciation expense =

Jetson Spacecraft Corp. shows the following information on its 2009 income statement: sales = $197,000; costs = $101,000; other expenses = $5,400; depreciation expense = $9,000; interest expense = $14,000; taxes = $20,280; dividends = $10,300. In addition, you're told that the firm issued $7,200 in new equity during 2009 and redeemed $8,800 in outstanding long-term debt.

(a) What is the 2009 operating cash flow?

(Click to select) 70,320 90,600 81,600 67,600 47,320

(b) What is the 2009 cash flow to creditors?

(Click to select) 22,800 14,000 8,400 8,800 7,200

(c) What is the 2009 cash flow to stockholders?

(Click to select) 10,300 22,800 47,320 3,100 17,500

(d) If net fixed assets increased by $23,000 during the year, what was the addition to NWC?

(Click to select) 57,900 82,220 23,000 12,420 80,120

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

Banking On Freedom Black Women In U.S. Finance Before The New Deal

Authors: Shennette Garrett-Scott

1st Edition

0231183917, 978-0231183918

More Books

Students also viewed these Finance questions

Question

Describe the relationship between intelligence and brain anatomy.

Answered: 1 week ago

Question

9. System creates a large, diverse talent pool.

Answered: 1 week ago