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1. Earnhardt Driving School's 2008 balance sheet showed net fixed assets of $3.9 million, and the 2009 balance sheet showed net fixed assets of $6.3 million. The company's 2009 income statement showed a depreciation expense of $785,000. What was net capital spending for 2009?

2. The 2008 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.15 million, and the 2009 balance sheet showed long-term debt of $3.65 million. The 2009 income statement showed an interest expense of $240,000. What was the firm's cash flow to creditors during 2009?

3. The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $810,000 in the common stock account and $6.2 million in the additional paid-in surplus account. The 2009 balance sheet showed $825,000 and $8 million in the same two accounts, respectively. If the company paid out $610,000 in cash dividends during 2009, What was the cash flow to stockholders for the year?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92868411

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