Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Nightwish Corporation shows the following information on its 2021 income statement: Sales =$206,000; Costs =$123,000; Other expenses =$7,900; Depreciation expense = $14,000; Interest expense =$13,100;

image text in transcribed
Nightwish Corporation shows the following information on its 2021 income statement: Sales =$206,000; Costs =$123,000; Other expenses =$7,900; Depreciation expense = $14,000; Interest expense =$13,100; Taxes =$16,800; Dividends =$10,000. In addition, you're told that the firm issued $4,600 in new equity during 2021 and redeemed $3,100 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 $22,000 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_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions