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Problem 14 Intro Below is the balance sheet for Southern Comfort Company for December 31 of 2015 and 2016. 2015 2016 2015 2016 Cash
Problem 14 Intro Below is the balance sheet for Southern Comfort Company for December 31 of 2015 and 2016. 2015 2016 2015 2016 Cash 800 1,100 Accounts payable 2,400 3,300 Accounts receivable 2,400 3,300 Current liabilities 2,400 3,300 Inventory 2,400 3,300 Long-term debt 4,800 6,600 Current assets 5,600 7,700 Net fixed assets Total assets 10,400 14,300 Total liabilities Equity 7,200 9,900 8,800 12,100 16,000 22,000 Total liab. & equity 16,000 22,000 The income statement for 2016 is also given: Amount Sales 52,800 Cost 29,040 Depreciation 7,920 EBIT 15,840 Interest 5,280 Taxes 2,640 Net income 7,920 Dividends 7,128 Part 2 What was the cash flow to creditors in 2016? Attempt 1/6 for 10 pts. 0+ decimals Submit Part 3 What was the cash flow to stockholders in 2016? Attempt 1/6 for 10 pts. 0+ decimals Submit Problem 14
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