Question
Square Hammer Corporation shows the following information on its 2018 income statement: Sales = $197,000; Costs = $98,000; Other expenses = $5,900; Depreciation expense =
| Square Hammer Corporation shows the following information on its 2018 income statement: Sales = $197,000; Costs = $98,000; Other expenses = $5,900; Depreciation expense = $9,000; Interest expense = $14,200; Taxes = $24,465; Dividends = $9,700. In addition, you're told that the firm issued $7,700 in new equity during 2018 and redeemed $9,300 in outstanding long-term debt. |
| a. | What is the 2018 operating cash flow? |
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| b. | What is the 2018 cash flow to creditors? |
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A Beginner S Guide To High Risk High Reward Investing
Authors: Robert Ross
1st Edition
1507218230, 978-1507218235
