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Problem:

Sheffield Co. shows the following information on its 2010 income statement: sales = $153,000; costs = $81,900; other expenses = $5,200; depreciation expense = $10,900; interest expense = $8,400; taxes = $16,330; dividends = $7,200. In addition, you're told that the firm issued $2,600 in new equity during 2010, and redeemed $3,900 in outstanding long-term debt.

Required:

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

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

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

Question 4: If net fixed assetss increased by $20,250 during the year, what was the addition to NWC?

Note: Please provide full description.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170726

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