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Please show work thank you. 09. (5 points) Based on the following financial statements, compute the firm's (i) cash flows from assets, (ii) cash flows
Please show work thank you.
09. (5 points) Based on the following financial statements, compute the firm's (i) cash flows from assets, (ii) cash flows to creditors, and (iii) cash flows to shareholders for 2015. Assume the dividends in 2015 = $32,000. JJ Corporation JJ Corporation Total operating revenues Cost of goods sold Selling, general, and administi Depreciation Other expenses Operating Income Interest expense EBT Taxes Net income 2015 2014 $600,000 $500,000 240,000 210,000 84,000 76,000 65,000 48,000 55,000 47,000 $156,000 $119,000 36,000 32,000 $120,000 $ 87,000 36,000 25,000 $ 84,000 $ 62,000 Total current assets Net fixed assets Total assets Total current liabilities Long-term debt Total liabilities Total equity Total liabilities and and equity 2015 2014 $ 496,000 $ 336,000 $ 780,000 $ 780,000 $1,276,000 $1,116,000 $ 528,000 $ 600,000 240,000 60,000 $ 768,000 $ 660,000 $ 508,000 $ 456,000 $1,276,000 $1,116,000Step by Step Solution
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