Question
Sutton Inc. has $750,000 and 1.5mil in cash on the balnce sheet at the end of 2XX0 and 2XX1, respectively. Its cash flow from operating
Sutton Inc. has $750,000 and 1.5mil in cash on the balnce sheet at the end of 2XX0 and 2XX1, respectively. Its cash flow from operating activities totaled 1.2mil. The firm sold off 1mil fixed assets,issued 500000 in common stocks, and paid 60000 dividends. How much L-T debts did the firm issue or repay?
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Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
