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Square Hammer Corp. shows the following information on its 2018 income statement: Sales =$213,000; Costs =$97,000; Other expenses =$5,600; Depreciation expense = $9,100; Interest expense

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Square Hammer Corp. shows the following information on its 2018 income statement: Sales =$213,000; Costs =$97,000; Other expenses =$5,600; Depreciation expense = $9,100; Interest expense =$13,200; Taxes =$26,430; Dividends =$9,600. In addition, you're told that the firm issued $7,300 in new equity during 2018 and redeemed $8,900 in outstanding long-term debt. a. What is the 2018 operating cash flow? b. What is the 2018 cash flow to creditors? Logano Driving School's 2017 balance sheet showed net fixed assets of $3.8 million, and the 2018 balance sheet showed net fixed assets of $5.5 million. The company's 2018 income statement showed a depreciation expense of $855,000. What was net capital spending for 2018 ? Multiple Choice $2,555,000 $1,700,000 $845,000 $845.000 $1,700,000

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