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Square Hammer Corp. shows the following information on its 2018 income statement: Sales = $208,000; Costs = $100,000; Other expenses = $4,800; Depreciation expense =
Square Hammer Corp. shows the following information on its 2018 income statement: Sales = $208,000; Costs = $100,000; Other expenses = $4,800; Depreciation expense = $9,100; Interest expense = $14,000; Taxes = $24,030; Dividends = $10,300. In addition, you're told that the firm issued $7,800 in new equity during 2018 and redeemed $9,400 in outstanding long-term debt. a. What is the 2018 operating cash flow? b. What is the 2018 cash flow to creditors
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