Square Hammer Corp. shows the following information on its 2018 income statement:
Sales = $305,000
Costs = $176,000
Other expenses = $8,900
Depreciation expense = $18,700
Interest expense = $12,900
Taxes = $23,345
Dividends = $19,500.
In addition, you’re told that the firm issued $6,400 in new equity during 2018 and redeemed $4,900 in outstanding long-term debt.
Required:
a. What is the 2018 net income?
b. What is the 2018 operating cash flow?
c. What is the 2018 cash flow to creditors?
d. What is the 2018 cash flow to stockholders?
e. If net fixed assets increased by $46,000 during the year, what was the addition to NWC?
Answers: 1
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Square Hammer Corp. shows the following information on its 2018 income statement:
Sales = $305,000...
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