Question
Somerset, Inc. has an operating cash flow of $331,000 and a cash flow to creditors of $79,500 for the past year. During that time, the
Somerset, Inc. has an operating cash flow of $331,000 and a cash flow to creditors of $79,500 for the past year. During that time, the firm invested $40,000 in net working capital and incurred net capital spending of $103,600. What is the amount of the cash flow to stockholders for the last year?
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The Certified Lease And Finance Professionals Handbook
Authors: Deborah Reuben, Certified Lease & Finance Professionals, Equipment Finance Industry Experts
6th Edition
171743388X, 978-1717433886
