Financial Accounting Data for Delta Builders Inc.:•Beginning long-term debt = $300. Beginning total debt = $350• Ending long-term debt = $280• Ending total debt = $360•Interest paid = $25What is the cash flow to creditors?

Step 1: Definition of Cash Flow to CreditorsCash Flow to Creditors refers to the net amount of cash…

Answered: Data for Delta Builders Inc.: •…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

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Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Analyse the effect of the actions below on the debt/equity ratio. Assume current debt/equity ratio is 0.5. (v) Issuing new equity (vi) Account receivable collected (vii) Sell goods on book value, on cash basis (viii) Pay off the company’s long term bank loan
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A comparative balance sheet for Pina Corporation is presented as follows. December 31 Assets 2025 2024 Cash $72,840 $22,000 Accounts receivable 84,300 68,460 Inventory 182,300 191,460 Land 73,300 112,460 Equipment 262,300 202,460 Accumulated depreciation-equipment (71,300) (44,460) Total $603,740 $552,380 Liabilities and Stockholders' Equity Accounts payable $36,300 $49,460 Bonds payable 150,000 200,000 Common stock ($1 par) 214,000 164,000 Retained earnings 203,440 138,920 Total $603,740 $552,380 Additional information: 1. Net income for 2025 was $129,600. No gains or losses were recorded in 2025. 2. Cash dividends of $65,080 were declared and paid. 3. Bonds payable amounting to $50,000 were retired through issuance of common stock.
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Data for Delta Builders Inc.: • Beginning long-term debt = $300 . Beginning total debt = $350 • Ending long-term debt = $280 • Ending total debt = $360 • Interest paid = $25 What is the cash flow to creditors?