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Square Hammer Corp. shows the following information on its 2018 income statement: Sales = $200,000; Costs = $99,000; Other expenses = $6,200; Depreciation expense =
Square Hammer Corp. shows the following information on its 2018 income statement: Sales = $200,000; Costs = $99,000; Other expenses = $6,200; Depreciation expense = $9,000; Interest expense = $14,300; Taxes = $25,025; Dividends = $10,000. In addition, you're told that the firm issued $7,400 in new equity during 2018 and redeemed $9,000 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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