Jetson Spacecraft Corp. shows the following information on its most recent income statement: sales = $212,000; costs
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Question:
Jetson Spacecraft Corp. shows the following information on its most recent income statement:
sales = $212,000;
costs = $99,000;
other expenses = $5,700;
depreciation expense = $8,900;
interest expense = $14,800;
taxes = $25,080;
dividends = $10,000.
In addition, you're told that the firm issued $7,200 in new equity during the year and redeemed (paid-off) $8,800 in outstanding
(a) | What is the operating cash flow? |
(b) | What is the cash flow to creditors? |
(c) | What is the cash flow to stockholders? |
(d) | If net fixed assets increased by $24,000 during the year, what was the addition to NWC? |
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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