information on its 2015 income statement: Sales = $215,000; COGS= $117,000; o Other operating expenses excluding Depreciation = $6,700; Depreciation expense=$18,400; Interest Expense=$10,000; Taxes = $25,370; Dividends =$9,500. Change in the cash balance from 2014 to 2015 is +$2,000. In addition, you're told that the firm issued $8,100 in new equity during 2015 and redeemed $7,200 in outstanding long-term debt. a. What is the 2015 cash flow to creditors? What is the 2015 cash flow
Schwert Corp. shows the following information on its 2015 income statement:
Sales = $215,000;
COGS= $117,000; o
Other operating expenses excluding
Depreciation expense=$18,400;
Interest Expense=$10,000;
Taxes = $25,370;
Dividends =$9,500.
Change in the cash balance from 2014 to 2015 is +$2,000.
In addition, you're told that the firm issued $8,100 in new equity during 2015 and redeemed $7,200 in outstanding long-term debt.
a. What is the 2015 cash flow to creditors? What is the 2015 cash flow to stockholders?
b. What is the 2015 cash flows from financing?
c. If net fixed assets increased by $28,400 during the year, what was the change in WCR? Did WCR increase or decrease?
d. How much cash did Schwert generate from its operations?
WCR = Working capital requirement
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