Question

Presented below are the financial statements of Kurtzel Company.



Additional data:
1. Depreciation expense was $17,500.
2. Dividends declared and paid were $20,000.
3. During the year equipment was sold for $8,500 cash. This equipment cost $18,000 originally and had accumulated depreciation of $9,500 at the time of sale.

Instructions
(a) Prepare a statement of cash flows using the indirect method.
(b) Compute these cash-based measures:
(1) Current cash debt coverage.
(2) Cash debt coverage.
(3) Free cashflow.


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  • CreatedApril 07, 2014
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