The 2014 statement of financial position of Anna’s Tennis Shop Inc. showed $490,000 in the common shares account and $3.4 million in the additional paid-in surplus account. The 2015 statement of financial position showed $525,000 and $3.7 million in the same two accounts, respectively. If the company paid out $275,000 in cash dividends during 2015, what was the cash flow to shareholders for the year?
Answer to relevant QuestionsGiven the information for Anna’s Tennis Shop Inc. in the previous two problems, suppose you also know that the firm’s net capital spending for 2015 was $945,000 and that the firm reduced its net working capital ...Prepare a statement of cash flows for Stowe. The most recent financial statements for Fontenot Co. are shown here: Assets and costs are proportional to sales. The company maintains a constant 30 percent dividend payout ratio and a constant debt-to-equity ratio. What ...Ben earns $4,000 this year and zero income the next year. Ben also has an investment opportunity in which he can invest $2,000 and receive $3,000 next year. Suppose Ben consumes $1,000 this year, invests in the project, and ...What is the value today of a 15-year annuity that pays $650 a year? The annuity’s first payment occurs six years from today. The annual interest rate is 11 percent for years 1 through 5, and 13 percent thereafter.
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