Schwert Corp. shows the following information on its 2018 statement of comprehensive income: sales = $167,000; costs
Question:
Schwert Corp. shows the following information on its 2018 statement of comprehensive income: sales = $167,000; costs = $91,000; other expenses = $5,400; depreciation expense = $8,000; interest expense = $11,000; taxes = $18,060; dividends = $9,500. In addition, you’re told that the firm issued $7,250 in new equity during 2018 and redeemed $7,100 in outstanding long-term debt.
a. What is the 2018 operating cash flow?
b. What is the 2018 cash flow to creditors?
c. What is the 2018 cash flow to shareholders?
d. If net fixed assets increased by $22,400 during the year, what was the addition to net working capital?
Step by Step Answer:
Corporate Finance
ISBN: 9781259270116
8th Canadian Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss