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Accounting

Problem:

Jetson Spacecraft Corp. shows the following information on its 2009 income statement: sales = $210,000; costs = $97,000; other expenses = $5,800; depreciation expense = $9,000; interest expense = $13,400; taxes = $33,920; dividends = $10,300. In addition, you're told that the firm issued $7,900 in new equity during 2009 and redeemed $9,500 in outstanding long-term debt.

Required:

Question 1: What is the cash flow from assets?

Question 2: If net fixed assets increased by $19,000 during the year, what was the addition to NWC?

Note: Explain all steps comprehensively.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91171400

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