Below is the income statement for Long-John Silver Gold Mining Corporation for 2021. Amount 50,400 27,720...

Transcribed Image Text:

Below is the income statement for Long-John Silver Gold Mining Corporation for 2021. Amount 50,400 27,720 7,560 15,120 5,040 2,520 7,560 6,804 The balance sheet is also given for December 31 of 2020 and 2021. Cash Accounts receivable Inventory Current assets Net fixed assets Total assets Sales Cost Depreciation EBIT Interest Taxes Net income bividends 2020 2021 800 1,050 3,150 2,400 2,400 3,150 5,600 7,350 10,400 13,650 16,000 21,000 Accounts payable Current liabilities Long-term debt Total liabilities 2020 2021 2,400 3,150 2,400 3,150 4,800 6,300 7,200 9,450 4,000 5,994 4,800 5,556 8,800 11,550 Common Stocks Retained earnings Equity Total liab. & equity 16,000 21,000 Part 1 What was the cash flow to creditors in 2021? 0+ decimals Save Part 2 What was the cash flow to stockholders in 2021? 0+ decimals Save About Dinn Content Attempt 1/1 Attempt 1/1 Below is the income statement for Long-John Silver Gold Mining Corporation for 2021. Amount 50,400 27,720 7,560 15,120 5,040 2,520 7,560 6,804 The balance sheet is also given for December 31 of 2020 and 2021. Cash Accounts receivable Inventory Current assets Net fixed assets Total assets Sales Cost Depreciation EBIT Interest Taxes Net income bividends 2020 2021 800 1,050 3,150 2,400 2,400 3,150 5,600 7,350 10,400 13,650 16,000 21,000 Accounts payable Current liabilities Long-term debt Total liabilities 2020 2021 2,400 3,150 2,400 3,150 4,800 6,300 7,200 9,450 4,000 5,994 4,800 5,556 8,800 11,550 Common Stocks Retained earnings Equity Total liab. & equity 16,000 21,000 Part 1 What was the cash flow to creditors in 2021? 0+ decimals Save Part 2 What was the cash flow to stockholders in 2021? 0+ decimals Save About Dinn Content Attempt 1/1 Attempt 1/1

Answer rating: 100% (QA)

Answer Cash flow to Creditors Interest expense Change in L... View the full answer