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?

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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? 

WCR = Working capital requirement 

 
 
Parts a-c were already posted and answered, just need d
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