Question
Volbeat Corp. shows the following information on its 2015 income statement: sales = $231,000; costs = $135,000; other expenses = $7,900; depreciation expense = $14,400;
Volbeat Corp. shows the following information on its 2015 income statement: sales = $231,000; costs = $135,000; other expenses = $7,900; depreciation expense = $14,400; interest expense = $14,300; taxes = $20,790; dividends = $11,500. In addition, youre told that the firm issued $5,800 in new equity during 2015 and redeemed $4,300 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 $28,000 during the year, what was the addition to NWC? (Do not round intermediate calculations.) Addition to NWC $
Please answer D. I have seen this question on here but not fully answered and not entirely correct as well.
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