Gerald, Inc. has an operating cash flow of $400,000 and a cash flow to creditors of $83,000 for the past year. During that time, the firm invested $50,000 in net working capital and incurred net capital spending of $100,000. What is the amount of the cash flow to stockholders for the last year, if the applicable tax rate if 36.8 percent?

Answer rating: 100% (QA)

Step 12 Cash Flow from Assets Operating cash flow Net capital spending Net working capit... View the full answer