Question
Schwert Corp. shows the following information on its 2019 income statement: sales = $242,000; costs = $153,000; other expenses = $7,900; depreciation expense = $17,700;
Schwert Corp. shows the following information on its 2019 income statement: sales = $242,000; costs = $153,000; other expenses = $7,900; depreciation expense = $17,700; interest expense = $14,100; taxes = $17,255; dividends = $11,000. In addition, youre told that the firm issued $5,600 in new equity during 2019 and redeemed $4,100 in outstanding long-term debt. (Do not round intermediate calculations.)
b. What is the 2019 cash flow to creditors?
d. If net fixed assets increased by $22,000 during the year, what was the addition to net working capital (NWC)?
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th edition
1118096894, 978-1-11921511, 978-1118096895
