e cash flow in 2015? What is the cash flow to creditors in 2015? What is the cash flow to stockhold
e cash flow in 2015? What is the cash flow to creditors in 2015? What is the cash flow to stockhold
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter1: Introduction To Business Activities And Overview Of Financial Statements And The Reporting Process
Section: Chapter Questions
Problem 35P
Related questions
Question
- What is the
free cash flow in 2015? - What is the cash flow to creditors in 2015?
- What is the cash flow to stockholders in 2015?
![Table 2.1 The Balance Sheet of the U.S. Composite Corporation
U.S. COMPOSITE CORPORATION
Balance Sheet
2015 and 2014
($ in millions)
Liabilities (Debt) and
Stockholders' Equity
Assets
2015
2014
2015
2014
Current assets:
Current liabilities:
Cash and equivalents
$ 198
$ 157
$ 486
$ 486
$ 455
$ 455
Accounts payable
Accounts receivable
294
270
Total current liabilities
Inventory
Total current assets
269
280
Long-term liabilities:
$ 761
$ 707
Deferred taxes
$ 1 17
$ 104
Long-term debt
Total long-term liabilities
Fixed assets:
471
458
$ 588
Property, plant, and equipment
Less accumulated depreciation
$1,423
$1,274
$ 562
550
460
Stockholders' equity:
873
Net property, plant, and
equipment
814
Preferred stock
$ 39
$ 39
Common stock ($I par value)
55
32
Intangible assets and others
245
221
Capital surplus
Accumulated retained earnings
Less treasury stock
Total equity
347
327
Total fixed assets
$1.118
$1,035
390
347
26
20
$ 805
$ 725
Total liabilities and
stockholders' equity
$1,879
$1,742
Total assets
$1.879
$1,742](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb5b08ab9-ed28-42a5-903c-29df3170b3c0%2Fc7950263-9118-4e0e-8f2d-f8c1a366fad9%2Fov20mbd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Table 2.1 The Balance Sheet of the U.S. Composite Corporation
U.S. COMPOSITE CORPORATION
Balance Sheet
2015 and 2014
($ in millions)
Liabilities (Debt) and
Stockholders' Equity
Assets
2015
2014
2015
2014
Current assets:
Current liabilities:
Cash and equivalents
$ 198
$ 157
$ 486
$ 486
$ 455
$ 455
Accounts payable
Accounts receivable
294
270
Total current liabilities
Inventory
Total current assets
269
280
Long-term liabilities:
$ 761
$ 707
Deferred taxes
$ 1 17
$ 104
Long-term debt
Total long-term liabilities
Fixed assets:
471
458
$ 588
Property, plant, and equipment
Less accumulated depreciation
$1,423
$1,274
$ 562
550
460
Stockholders' equity:
873
Net property, plant, and
equipment
814
Preferred stock
$ 39
$ 39
Common stock ($I par value)
55
32
Intangible assets and others
245
221
Capital surplus
Accumulated retained earnings
Less treasury stock
Total equity
347
327
Total fixed assets
$1.118
$1,035
390
347
26
20
$ 805
$ 725
Total liabilities and
stockholders' equity
$1,879
$1,742
Total assets
$1.879
$1,742
![U.S.. COMPOSITE CORPORATION
Income Statement
2015
($ in millions)
Total operating revenues
Cost of goods sold
Selling, general, and administrative expenses
Depreciation
Operating income
$2,262
1,655
327
90
$ 1 90
Other income
29
Earnings before interest and taxes (EBIT)
$ 219
Interest expense
49
Pretax income
$ 170
Тахes
84
Current $71
Deferred: 13
Net income
%24
86
Addition to retained earnings:
43
Dividends:
43](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb5b08ab9-ed28-42a5-903c-29df3170b3c0%2Fc7950263-9118-4e0e-8f2d-f8c1a366fad9%2Ffwwd67k_processed.jpeg&w=3840&q=75)
Transcribed Image Text:U.S.. COMPOSITE CORPORATION
Income Statement
2015
($ in millions)
Total operating revenues
Cost of goods sold
Selling, general, and administrative expenses
Depreciation
Operating income
$2,262
1,655
327
90
$ 1 90
Other income
29
Earnings before interest and taxes (EBIT)
$ 219
Interest expense
49
Pretax income
$ 170
Тахes
84
Current $71
Deferred: 13
Net income
%24
86
Addition to retained earnings:
43
Dividends:
43
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Fundamentals of Financial Management (MindTap Cou…](https://www.bartleby.com/isbn_cover_images/9781337395250/9781337395250_smallCoverImage.gif)
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
![Fundamentals of Financial Management (MindTap Cou…](https://www.bartleby.com/isbn_cover_images/9781337395250/9781337395250_smallCoverImage.gif)
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning