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Please answer the following questions: 1. Calculate the cash flow from Assets. 2. Calculate the cash flow to stockholders. 3. Calculate the cash flow to
Please answer the following questions:
1. Calculate the cash flow from Assets.
2. Calculate the cash flow to stockholders.
3. Calculate the cash flow to bondholders.
4. Calculate the net new debt issues by the rainbow umbrella corp.
If missing parts, please answer what you can
During 2019, Rainbow Umbrella Corp. had sales of $860.000. Costs of goods sold, administrative and selling expenses, and depreciation expenses were $680,000, $85.000, and $10.000, respectively. In addition, the company had an interest expense of $55,000 and a tax rate of 21 percent. Suppose the company paid out $9,000 in cash dividends. Capital spending on fixed assets was zero. Similarly, the net working capital was zero. No new stock was issued during the year. Construct the 2019 Income statement for Rainbow Umbrella CorpStep by Step Solution
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