Question
Problem 2-12 Calculating Cash Flows [LO 4] The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,450,000, $150,000 in the common
Problem 2-12 Calculating Cash Flows [LO 4] The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,450,000, $150,000 in the common stock account and $2,750,000 in the additional paid-in surplus account. The December 31, 2016, balance sheet showed long-term debt of $1,680,000, $160,000 in the common stock account and $3,050,000 in the additional paid-in surplus account. The 2016 income statement showed an interest expense of $99,000 and the company paid out $155,000 in cash dividends during 2016. The firms net capital spending for 2016 was $1,060,000, and the firm reduced its net working capital investment by $135,000. What was the firm's cash flow to creditors during 2016? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
Cash flow to creditors $_____
What was the firms cash flow to stockholders during 2016?
(A negative answer should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Cash flow to stockholders $___
What was the firms cash flow from assets during 2016? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Cash flow from assets $______
What was the firms operating cash flow during 2016? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Operating cash flow $______
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