Question
Use the following information for this and the next three questions. SMJ Inc. had the following information on last year's financial statements. Sales $178,000 Costs
Use the following information for this and the next three questions.
SMJ Inc. had the following information on last year's financial statements.
Sales
$178,000
Costs
82,500
Other expenses
7,500
Depreciation expense
14,700
Interest expense
8,400
Taxes
21,400
Dividends
12,460
2002 New equity
$5,400
Net new long-term debt
(2,400)
Increase in net fixed assets
17,800
What was the operating cash flow for SMJ?
1.What was the cash flow to creditors for SMJ?
1.What was the cash flow to stockholders of SMJ?
1.What was the change in net working capital for SMJ?
Just need help explaining how to solve these 4 questions, I know what the answer is, just want to know the step by step.
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