Question
Volbeat Corp. shows the following information on its 2015 income statement: sales = $242,000; costs = $153,000; other expenses = $7,900; depreciation expense = $17,700;
Volbeat Corp. shows the following information on its 2015 income statement: sales = $242,000; costs = $153,000; other expenses = $7,900; depreciation expense = $17,700; interest expense = $14,100; taxes = $17,255; dividends = $11,000. In addition, youre told that the firm issued $5,600 in new equity during 2015 and redeemed $4,100 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 $22,000 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