Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Weiland Co. shows the following information on its 2016 income statement: sales = $153,500; costs = $81,800; other expenses = $5,100; depreciation expense = $10,800;

Weiland Co. shows the following information on its 2016 income statement: sales = $153,500; costs = $81,800; other expenses = $5,100; depreciation expense = $10,800; interest expense = $8,300; taxes = $16,625; dividends = $7,250. In addition, you're told that the firm issued $2,700 in new equity during 2016 and redeemed $4,100 in outstanding long-term debt. a. What is the 2016 operating cash flow? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Operating cash flow $ b. What is the 2016 cash flow to creditors? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Cash flow to creditors $ c. What is the 2016 cash flow to stockholders? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Cash flow to stockholders $ d. If net fixed assets increased by $20,300 during the year, what was the addition to NWC? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Addition to net working capital

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started