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Jetson Spacecraft Corp shows the following information on its 2016 income statement. Sales Costs Other Expenses $196,000 $104,000 $6,800 Depreciation Expenses $9,100 Interest Expenses Taxes $14,800 $21,455 $10,400 Dividends In addition, you are told that that the firm has issued $5,700 in new equity during 2016 and redeemed $7,300 in outstanding long-term debt. a) What is the 2016 operating cash flow of the company? b) What is the 2016 cash flow to creditors?

Jetson Spacecraft Corp shows the following information on its 2016 income statement. Sales Costs Other Expenses $196,000 $104,000 $6,800 Depreciation Expenses $9,100 Interest Expenses Taxes $14,800 $21,455 $10,400 Dividends In addition, you are told that that the firm has issued $5,700 in new equity during 2016 and redeemed $7,300 in outstanding long-term debt. a) What is the 2016 operating cash flow of the company? b) What is the 2016 cash flow to creditors?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Jetson Spacecraft Corp shows the following information on its 2016 income statement. Sales Costs Other Expenses $196,000 $104,000 $6,800 Depreciation Expenses $9,100 Interest Expenses Taxes $14,800 $21,455 $10,400 Dividends In addition, you are told that that the firm has issued $5,700 in new equity during 2016 and redeemed $7,300 in outstanding long-term debt. a) What is the 2016 operating cash flow of the company? b) What is the 2016 cash flow to creditors?
Transcribed Image Text:Jetson Spacecraft Corp shows the following information on its 2016 income statement. Sales Costs Other Expenses $196,000 $104,000 $6,800 Depreciation Expenses $9,100 Interest Expenses Taxes $14,800 $21,455 $10,400 Dividends In addition, you are told that that the firm has issued $5,700 in new equity during 2016 and redeemed $7,300 in outstanding long-term debt. a) What is the 2016 operating cash flow of the company? b) What is the 2016 cash flow to creditors?
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