The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,430,000, $146,000 in...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,430,000, $146,000 in the common stock account, and $2,710,000 in the additional paid-in surplus account. The December 31, 2022, balance sheet showed long-term debt of $1,640,000, $156,000 in the common stock account, and $3,010,000 in the additional paid-in surplus account. The 2022 income statement showed an interest expense of $97,000 and the company paid out $151,000 in cash dividends during 2022. The firm's net capital spending for 2022 was $1,020,000, and the firm reduced its net working capital investment by $131,000. What was the firm's cash flow to creditors during 2022? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 1,234,567. Cash flow to creditors What was the firm's cash flow to stockholders during 2022? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 1,234,567. Cash flow to stockholders ok What was the firm's cash flow from assets during 2022? t ent ences Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 1,234,567. Cash flow from assets What was the firm's operating cash flow during 2022? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 1,234,567. Operating cash flow The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,430,000, $146,000 in the common stock account, and $2,710,000 in the additional paid-in surplus account. The December 31, 2022, balance sheet showed long-term debt of $1,640,000, $156,000 in the common stock account, and $3,010,000 in the additional paid-in surplus account. The 2022 income statement showed an interest expense of $97,000 and the company paid out $151,000 in cash dividends during 2022. The firm's net capital spending for 2022 was $1,020,000, and the firm reduced its net working capital investment by $131,000. What was the firm's cash flow to creditors during 2022? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 1,234,567. Cash flow to creditors What was the firm's cash flow to stockholders during 2022? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 1,234,567. Cash flow to stockholders ok What was the firm's cash flow from assets during 2022? t ent ences Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 1,234,567. Cash flow from assets What was the firm's operating cash flow during 2022? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 1,234,567. Operating cash flow
Expert Answer:
Posted Date:
Students also viewed these corporate finance questions
-
KEA10. LO 16.3 Use the following excerpts from Fruitcake Company's financial records to determine net cash flows from investing activities. Acquired new plant assets Collected interest on investment...
-
Suppose that a firm offers a 3-year compensation option that vests immediately. An employee who resigns has two years to decide whether to exercise the option. Compute annual compensation option...
-
Why dont people like market allocation?
-
If the old forecast is 100 and the latest actual demand is 85, what is the exponentially smoothed forecast for the next period? Alpha is 0.2. LO.1
-
A planned factory expansion project has an estimated initial cost of $800,000. Based on a discount rate of 20 percent, the present value of the future cost savings from the expansion is $843,000....
-
A small business produces a single product and reports the following data: Sales Price: $9.00 per unit Variable costs: $5.00 per unit Fixed costs: $21,000 per month Volume: 10,000 units per month....
-
\fWeek 3: Chapter 2 - Stem & Leaf, Histograms, Percentiles Score: 12.8/14 4/5 answered Progress saved Done Q W' S 0 Question 3 v E 8 pts '0 1 23 98 CD Details The IQ scores of 50 students are given...
-
Recall from Case 1.2 that Auto Concepts is a new division of a large automobile manufacturer that has been slowly losing market share to its competitors. Auto Concepts was created to reclaim the...
-
(a) Draw a simplified ray diagram showing the three principal rays for an object located inside the focal length of a diverging lens. \((b)\) Is the image real or virtual? (c) Is it upright or...
-
Show that the ray exiting the block in Figure P33.53 is parallel to the ray entering the block. Data from Figure P33.53
-
The element is subjected to the state of stress shown. If the material is machine steel having a yield stress of \(\sigma_{Y}=750 \mathrm{MPa}\), determine the factor of safety with respect to...
-
Determine the vertical displacement of the ring at point \(B\). \(E I\) is constant. B P A
-
Primed The US government has contracted with Raytheon to build its new Peacekeeper 2 ballistic missile. The project has been laid out with durations {in weeks). predecessors: and costs included: mm...
-
The electric field due to a line charge is given by where l is a constant. Show that E is solenoidal. Show that it is also conservative. E =
-
How does the asset structure of credit unions compare with the asset structure of commercial banks and savings institutions? Refer to Tables 25 , 29 , and 212 to formulate your answer. LO.1
-
What is the common bond membership qualification under which credit unions have been formed and operated? How does this qualification affect the operational objective of a credit union? LO.1
-
How do savings banks differ from savings associations? Differentiate in terms of risk, operating performance, balance sheet structure, and regulatory responsibility. LO.1
Study smarter with the SolutionInn App