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National Importers had a beginning balance of net fixed assets of $100,000 and an ending balance of net fixed assets of $138,700. Depreciation expense for
National Importers had a beginning balance of net fixed assets of $100,000 and an ending balance of net fixed assets of $138,700. Depreciation expense for the year was $14,784. Net working capital increased during the year from $15,506 to $17,411. During the year, the firm issued $20,000 in net new equity and paid off $23,800 in long-term debt (this means long-term debt decreased). The firm paid $38,600 in dividends and $24,615 in interest over the past year.
- For the year, what was the cash flow to creditors?
- For, the year what was the cash flow to stockholders?
- What was the next capital spending for the year?
- What was the change in the net working capital?
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