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Yale Driving School's 2017 statement of financial position showed net fixed assets of $3.5 million, and the 2018 statement of financial position showed net fixed
Yale Driving School's 2017 statement of financial position showed net fixed assets of $3.5 million, and the 2018 statement of financial position showed net fixed assets of $4.3 million. The company's 2018 statement of comprehensive income showed a depreciation expense of $352,000. What was net capital spending in 2018? (Omit $ sign in your response. Enter the answer in dollars, not millions of dollars, i.e. 1,234,567.) Net capital spending EA The 2017 statement of financial position of Owosso Inc. showed current assets of $3,120 and current liabilities of $1,570. The 2018 statement of financial position showed current assets of $3,460 and current liabilities of $1,980. What was the company's 2018 change in net working capital or NWC? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) Net working capital $ The 2017 statement of financial position of Roger's Tennis Shop Inc. showed long-term debt of $2.3 million, and the 2018 statement of financial position showed long-term debt of $2.55 million. The 2018 statement of comprehensive income showed an interest expense of $190,000. What was the firm's cash flow to creditors during 2018? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) Cash flow to creditors $ Check Teeswater Corp. shows the following information on its 2018 statement of comprehensive income: sales = $258,000; costs = $156,000; other expenses = $9,400; depreciation expense = $18,800; interest expense = $14,400; taxes = $17,990; dividends = $13,800. In addition, you're told that the firm issued $6,000 in new equity during 2018 and redeemed $6,000 in outstanding long-term debt. a. What is the 2018 operating cash flow? (Omit $ sign in your response.) Operating cash flow b. What is the 2018 cash flow to creditors? (Omit $ sign in your response.) Cash flow to creditors c. What is the 2018 cash flow to shareholders? (Omit $ sign in your response.) Cash flow to shareholders $ d. If net fixed assets increased by $26,500 during the year, what was the addition to NWC? (Omit $ sign in your response.) Addition to NWC The 2017 statement of financial position of Roger's Tennis Shop Inc. showed $510,000 in the common stock account and $4.6 million in the additional retained earnings account. The 2018 statement of financial position showed $550,000 and $4.8 million in the same two accounts, respectively. If the company paid out $310,000 in cash dividends during 2018, what was the cash flow to shareholders for the year? (Omit $ sign in your response.) Cash flow to shareholders Use the following Information for Clarington Inc., (assume the tax rate is 34%): 2017 2018 Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends $ 11,573 $ 12,936 1,661 1,736 3,979 4,707 946 824 776 926 6,067 6,466 8,034 9,427 1,171 1,147 20,320 24,696 50,888 54,273 4,384 14,283 1,411 4,644 15,288 1,618 For 2018, calculate the cash flow from assets, cash flow to creditors, and cash flow to shareholders. (Negative amounts should be indicated by a minus sign. Do not round the intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign in your response.) Cash flow from assets Cash flow to creditors Cash flow to shareholders $ $
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