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The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,405,000 and the December 31, 2019, balance sheet showed long-term debt of
The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,405,000 and the December 31, 2019, balance sheet showed long-term debt of $1,590,000. The 2019 income statement showed an interest expense of $94,500. What was the firm's cash flow to creditors during 2019? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) Cash flow to creditors The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,395,000, $139,000 in the common stock account, and $2,640,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed long-term debt of $1,570,000, $149,000 in the common stock account and $2,940,000 in the additional paid-in surplus account. The 2019 income statement showed an interest expense of $93,500 and the company paid out $144,000 in cash dividends during 2019. The firm's net capital spending for 2019 was $950,000, and the firm reduced its net working capital investment by $124,000. What was the firm's 2019 operating cash flow, or OCF? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) Operating cash flow Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.8 million. The machinery can be sold to the Romulans today for $7 million. Klingon's current balance sheet shows net fixed assets of $3.6 million, current liabilities of $790,000, and networking capital of $138,000. If all the current accounts were liquidated today, the company would receive $905,000 cash. a. What is the book value of Klingon's total assets today? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) b. What is the sum of the market value of NWC and the market value of fixed assets? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) a. Book value of total assets b. Sum of market value of NWC and fixed assets
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