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Problem:

Sheffield Co. shows the following information on its 2010 income statement: sales = $156,000; costs = $81,300; other expenses = $4,600; depreciation expense = $10,300; interest expense = $7,800; taxes = $18,200; dividends = $7,500. In addition, you're told that the firm issued $3,200 in new equity during 2010, and redeemed $5,100 in outstanding long-term debt.

Requirement:

Question 1: What is the operating cash flow during 2010?

Question 2: What is the cash flow to creditors during 2010?

Question 3: What is the cash flow to stockholders during 2010?

Question 4: Assuming net fixed assets increased by $20,550 during the year, what was the addition to NWC?

Note: Show supporting computations in good form.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91168140

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