Given the information for Schism, Inc., in Problems 11 and 12, suppose you also know that the
Question:
Given the information for Schism, Inc., in Problems 11 and 12, suppose you also know that the firm's net capital spending for 2014 was $640,000, and that the firm reduced its net working capital investment by $105,000. What was the firm's 2014 operating cash flow, or OCF?
In Problems 11 and 12
The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,280,000, and the December 31, 2014, balance sheet showed long-term debt of $1,410,000. The 2014 income statement showed an interest expense of $93,400.
The December 31, 2013, balance sheet of Schism, Inc., showed $120,000 in the common stock account and $2,120,000 in the additional paid-in surplus account. The December 31, 2014, balance sheet showed $135,000 and $2,380,000 in the same two accounts, respectively. If the company paid out $135,000 in cash dividends during 2014.
Common StockCommon stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
Step by Step Answer:
Essentials of Corporate Finance
ISBN: 978-0078034756
8th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan