Question
The 2018 balance sheet of Speiths Golf Shop, Inc., showed long-term debt of $5.4 million, and the 2019 balance sheet showed long-term debt of $5.65
The 2018 balance sheet of Speiths Golf Shop, Inc., showed long-term debt of $5.4 million, and the 2019 balance sheet showed long-term debt of $5.65 million. The 2019 income statement showed an interest expense of $175,000. The 2018 balance sheet showed $530,000 in the common stock account and $2.3 million in the additional paid-in surplus account. The 2019 balance sheet showed $570,000 and $2.5 million in the same two accounts, respectively. The company paid out $400,000 in cash dividends during 2019. Suppose you also know that the firms net capital spending for 2019 was $1,390,000, and that the firm reduced its net working capital investment by $73,000. |
What was the firms 2019 operating cash flow, or OCF? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) |
operating cash flow, or OCF?
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Ritter Corporations accountants prepared the following financial statements for year-end 2019: (Do not round intermediate calculations.) |
RITTER CORPORATION | ||
Income Statement | ||
2019 | ||
Revenue | $ | 910 |
Expenses | 645 | |
Depreciation | 106 | |
Net income | $ | 159 |
Dividends | $ | 139 |
RITTER CORPORATION | |||||
Balance Sheets | |||||
December 31 | |||||
2018 | 2019 | ||||
Assets | |||||
Cash | $ | 71 | $ | 97 | |
Other current assets | 181 | 202 | |||
Net fixed assets | 386 | 406 | |||
Total assets | $ | 638 | $ | 705 | |
Liabilities and Equity | |||||
Accounts payable | $ | 131 | $ | 157 | |
Long-term debt | 156 | 177 | |||
Stockholders equity | 351 | 371 | |||
Total liabilities and equity | $ | 638 | $ | 705 | |
a. | What is the change in cash during 2019? |
b. | Determine the change in net working capital in 2019. |
c. | Determine the cash flow generated by the firms assets during 2019. |
this two questions i need them to be solved
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