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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:

(a) What is the operating cash flow during 2010? (Do not include the dollar sign ($).) Operating cash flow $

(b) What is the cash flow to creditors during 2010? (Do not include the dollar sign ($).) Cash flow to creditors $

(c) What is the cash flow to stockholders during 2010? (Do not include the dollar sign ($).) Cash flow to stockholders $

(d) Assuming net fixed assets increased by $20,250 during the year, what was the addition to NWC? (Do not include the dollar sign ($).) Addition to net working capital

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9983553

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