The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,395,000, $139,000 in the common stock account and $2,640,000 in the additional paid-in surplus account. The December 31, 2016, balance sheet showed long-term debt of $1,570,000, $149,000 in the common stock account and $2,940,000 in the additional paid-in surplus account. The 2016 income statement showed an interest expense of $93,500 and the company paid out $144,000 in cash dividends during 2016. The firm’s net capital spending for 2016 was $950,000, and the firm reduced its net working capital investment by $124,000. What was the firm's cash flow to creditors during 2016? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Cash flow to creditors $ What was the firm’s cash flow to stockholders during 2016? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Cash flow to stockholders $ What was the firm’s cash flow from assets during 2016?

Answer rating: 100% (QA)

To find the firms cash flow to creditors during 2016 we need to calculate the change in longterm deb... View the full answer