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Schwert Corp. shows the following information on its 2017 income statement: sales = $222,000: costs = $132,000, other expenses = $7,900: depreciation expense = $19,700:
Schwert Corp. shows the following information on its 2017 income statement: sales = $222,000: costs = $132,000, other expenses = $7,900: depreciation expense = $19,700: interest expense $14,000: taxes = $16,940: dividends = $11,000. In addition, you're told that the firm issued $5,500 in new equity during 2017 and redeemed $4,000 in outstanding long-term debt. a. What was the 2017 operating cash flow? (Do not round intermediate calculations.) Operating cash flow $ 57,100 b. What was the 2017 cash flow to creditors? (Do not round intermediate calculations.) Cash flow to creditors $ 18,000 c. What was the 2017 cash flow to stockholders? (Do not round intermediate calculations.) Cash flow to stockholders $ 5,500 d. If net fixed assets increased by $20,000 during the year, what was the addition to NWC? (Do not round intermediate calculations.) Addition to NWC $ 106,760
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