The CharmCity Pharm Inc has an operating cash flow of $358,000 and a cash flow to creditors of $213,400 for the past year. The firm reduced its net working capital by $67,000 and incurred net capital spending of $140,200. What is the amount of the cash flow to stockholders for the last year? A. $86,700 B. $61,200 C. $71,400 D. $79,700 E. $95,700

The CharmCity Pharm Inc has an operating cash flow of $358,000 and a cash flow to creditors of $213,400 for the past year. The firm reduced its net working capital by $67,000 and incurred net capital spending of $140,200. What is the amount of the cash flow to stockholders for the last year? A. $86,700 B. $61,200 C. $71,400 D. $79,700 E. $95,700

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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King Lyon has the following assets: Current assets Capital assets Total assets $3,280,000 8,150,000 $11,430,000 During 4 months of the year, current assets drop to $1,650,000 (total assets will then be $9,800,000). Its operating profit (EBIT) is expected to be $499,500. Its tax rate is 30 percent. Shares are valued at $20. Its capital structure is short-term financing at 3 percent and long-term financing of 30 percent equity, 70 percent debt at 4 percent. a. Calculate expected EPS if the firm is perfectly hedged. (Do not round intermediate calculations and round your final answer to 2 decimal places.) EPS $
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Dd93.
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