Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Teeswater Corp. shows the following information on its 2020 statement of comprehensive income: sales = $246,000; costs =$148,000; other expenses =$8,600; depreciation expense =$18,000; interest
Teeswater Corp. shows the following information on its 2020 statement of comprehensive income: sales = $246,000; costs =$148,000; other expenses =$8,600; depreciation expense =$18,000; interest expense =$13,600; taxes = $18,830; dividends =$13,000. In addition, you're told that the firm issued $6,000 in new equity during 2020 and redeemed $5,200 in outstanding long-term debt. a. What is the 2020 operating cash flow? (Omit \$ sign in your response.) Operating cash flow $71400 b. What is the 2020 cash flow to creditors? (Omit \$ sign in your response.) Cash flow to creditors \$ c. What is the 2020 cash flow to shareholders? (Omit \$ sign in your response.) Cash flow to shareholders \$ d. If net fixed assets increased by $25,700 during the year, what was the addition to NWC? (Omit \$ sign in your response.) Addition to NWC
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started