Question
Volbeat Corp. shows the following information on its 2015 income statement: sales = $380,000; costs = $300,000; other expenses = $7,900; depreciation expense = $15,000;
Volbeat Corp. shows the following information on its 2015 income statement: sales = $380,000; costs = $300,000; other expenses = $7,900; depreciation expense = $15,000; interest expense = $13,000; taxes = $15,435; dividends = $10,000. In addition, youre told that the firm issued $4,500 in new equity during 2015 and redeemed $3,000 in outstanding long-term debt.
a. | What is the 2015 operating cash flow? (Do not round intermediate calculations.) |
Operating cash flow | $ |
b. | What is the 2015 cash flow to creditors? (Do not round intermediate calculations.) |
Cash flow to creditors | $ |
c. | What is the 2015 cash flow to stockholders? (Do not round intermediate calculations.) |
Cash flow to stockholders | $ |
d. | If net fixed assets increased by $20,000 during the year, what was the addition to NWC? (Do not round intermediate calculations.) |
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