What is the cash flow to stockholders for 2008?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Balance Sheet

 

                                                     2007          2008                                                                                  2007          2008

 

Cash                                  $     1,700    $    1,600             Accounts payable                                $13,800    $  12,900

 

Accounts receivable              14,300       17,400             Long-term debt                                      47,500        48,600

 

Inventory                                22,500       23,700             Common stock                                       17,000        22,000

 

Net fixed assets                      82,900       81,600             Retained earnings                                   43,100        40,800

 

Total assets                       $121,400   $124,300            Total liabilities and equity             $121,400    $124,300

 

 

 

                                                                                Income Statement

 

                                                                Net Sales                               $163,700

 

                                                                Costs                                        108,200

 

                                                                Depreciation                             14,100

 

                                                                EBIT                                          41,400

 

                                                                Interest                                        3,800

 

                                                                Taxable income                       37,600

 

                                                                Taxes                                         13,200

 

                                                                Net Income                          $  24,400

What is the cash flow to stockholders for 2008?

 

Question 2 options:

 

i) 

$19,400

 

ii) 

$5,000

 

iii) 

$21,700

 

iv) 

$29,400

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