xy D Chapter 2 Homework ×Yotable_2389595, 177) shline Login XYD tabelleg 5%^177)
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xy D Chapter 2 Homework ×Yotable_2389595, 177) shline Login XYD tabelleg 5%^177) × connect. Business Finance: Summer 2018 Summer Luke Covert pter 2 Homework instructions I help 000 points The December 31, 2015, balance sheet of Schism Inc I, showed long-term dobt of $1,375,000, $135,000 in the comiaon stock account and $2,600,000 in the addional paid i n surplus account The December 31, 2016, balance sheet showed long-term deet of $1,530,000 $145,000 in the common stock account and $2,900,000 in the additional paid in surplus account The 2016 income statement showed an 016 The em's net capital spending for 2016 was $910,000, and tho firm reduced its net working capitasl investment by $120,000 What was the fims inferest expense of s91 500 and the company paid out $140,000 in cash diwidends during cash fow to credtors during 20167 (A negative answer should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e .1,234,567 Cash fow to creditons What was the tem's cash ow to stockholders during 2018? (A negative answer should be indicated by a minus sign Do not round intermediate calculations Enter your answer in dollars, not millions of doliars,e Cash tow to stlockholders What was the ms cash ow trom assets during 2016? IA 1,234,567 negative answer should be indicated by a minus sign. Do not round intermediabe calculations. Enter your answer in dollars, not millions of dollars, eg. 1,234,567) Cash ow from assets What was the tiems operating cash ow during 20167 (Do not round intermediate calculations. 234 567 Enter your answer in dollars, not milions of dollars,eg Operating cash ow Hints References eBook&Resources; OType here to searchExplanation / Answer
(i) Cash flow to creditors = Interest paid - net new borrowings
= 91,500 - 155,000 (Increase in debt)
= - $63,500
(ii) Cash flow to stockholders = Cash dividend paid - New equity raised
= 140,000 - 100,000
= $40,000
(iii) Cash flows from assets = Capital spending during the year
= - $910,000
(iv) Operating cash flow = Increase in surplus + Cash dividend paid + Interest expense + Decrease in net working capital
= 300,000 + 140,000 + 91,500 + 120,000
= $651,500
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