Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Joe's Spacecraft Corp. shows the following information on its 2009 income statement: sales = $203,000; costs = $95,000; other expenses = $5,700; depreciation expense =
Joe's Spacecraft Corp. shows the following information on its 2009 income statement: sales = $203,000; costs = $95,000; other expenses = $5,700; depreciation expense = $9,000; interest expense = $12,900; taxes = $28,140; dividends = $10,000. In addition, you're told that the firm issued $7,100 in new equity during 2009 and redeemed $8,700 in outstanding long-term debt. |
(a) | What is the 2009 operating cash flow? |
(Click to select) 80,400 52,260 93,300 102,300 74,160 |
(b) | What is the 2009 cash flow to creditors? |
(Click to select) 7,400 21,600 7,100 8,700 12,900 |
(c) | What is the 2009 cash flow to stockholders? |
(Click to select) 17,100 21,600 52,260 10,000 2,900 |
(d) | If net fixed assets increased by $19,000 during the year, what was the addition to NWC? |
(Click to select) 21,660 88,660 80,960 19,000 52,500 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started