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Schwert Corp. shows the following information on its 2015 income statement: sales = $196,000; costs = $105,000; other expenses = $7,900; depreciation expense = $14,700;
Schwert Corp. shows the following information on its 2015 income statement: sales = $196,000; costs = $105,000; other expenses = $7,900; depreciation expense = $14,700; interest expense = $13,900; taxes = $19,075; dividends = $11,000. In addition, youre told that the firm issued $5,400 in new equity during 2015 and redeemed $3,900 in outstanding long-term debt. What is the 2015 cash flow to stockholders
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