Teeswater Corp. shows the following information on its 2020 statement of comprehensive income: sales = $256,000; costs = $155,000; other expenses = $9,300; depreciation expense = $18,700; interest expense = $14,300; taxes = $18,095; dividends = $13,700. In addition, you're told that the firm issued $6,500 in new equity during 2020 and redeemed $5,900 in outstanding long-term debt. es a. What is the 2020 operating cash flow? (Omit $ sign in your response.) Operating cash flow $ 79205 b. What is the 2020 cash flow to creditors? (Omit $ sign in your response.) Cash flow to creditors $ 13700 c. What is the 2020 cash flow to shareholders? (Omit $ sign in your response.) Cash flow to shareholders $ d. If net fixed assets increased by $26,400 during the year, what was the addition to NWC? (Omit $ sign in your response.) Addition to NWC $ 7700 13700
Teeswater Corp. shows the following information on its 2020 statement of comprehensive income: sales = $256,000; costs = $155,000; other expenses = $9,300; depreciation expense = $18,700; interest expense = $14,300; taxes = $18,095; dividends = $13,700. In addition, you're told that the firm issued $6,500 in new equity during 2020 and redeemed $5,900 in outstanding long-term debt. es a. What is the 2020 operating cash flow? (Omit $ sign in your response.) Operating cash flow $ 79205 b. What is the 2020 cash flow to creditors? (Omit $ sign in your response.) Cash flow to creditors $ 13700 c. What is the 2020 cash flow to shareholders? (Omit $ sign in your response.) Cash flow to shareholders $ d. If net fixed assets increased by $26,400 during the year, what was the addition to NWC? (Omit $ sign in your response.) Addition to NWC $ 7700 13700
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
How is this wrong?
Transcribed Image Text:Teeswater Corp. shows the following information on its 2020 statement of comprehensive income: sales = $256,000; costs =
$155,000; other expenses = $9,300; depreciation expense = $18,700; interest expense = $14,300; taxes = $18,095; dividends =
$13,700. In addition, you're told that the firm issued $6,500 in new equity during 2020 and redeemed $5,900 in outstanding long-term
debt.
a. What is the 2020 operating cash flow? (Omit $ sign in your response.)
Operating cash flow
b. What is the 2020 cash flow to creditors? (Omit $ sign in your response.)
Cash flow to creditors
c. What is the 2020 cash flow to shareholders? (Omit $ sign in your response.)
Cash flow to shareholders
d. If net fixed assets increased by $26,400 during the year, what was the addition to NWC? (Omit $ sign in your response.)
Addition to NWC
$ 7700
Mc
Graw
79205
Snow off and on
$ 13700
S 13700
< Prev 7 of 8
Expert Solution
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 5 steps
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
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education