Schwert Corp. shows the following 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. d. How much cash did Schwert generate from its operations?
Schwert Corp. shows the following 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. d. How much cash did Schwert generate from its operations?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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.
d. How much cash did Schwert generate from its operations?
WCR =
Parts a-c were already posted and answered, just need d
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