Sheffield Co. shows the following information on its 2010 income statement: sale

Question

Sheffield Co. shows the following information on its 2010 income statement: sales = $156,000; costs = $81,300; other expenses = $4,600; depreciation expense = $10,300; interest expense = $7,800; taxes = $18,200; dividends = $7,500. In addition, you're told that the firm issued $3,200 in new equity during 2010, and redeemed $5,100 in outstanding long-term debt. (a) What is the operating cash flow during 2010? (Do not include the dollar sign ($).) Operating cash flow (b) What is the cash flow to creditors during 2010? (Do not include the dollar sign ($).) Cash flow to creditors (c) What is the cash flow to stockholders during 2010? (Do not include the dollar sign ($).) Cash flow to stockholders (d) Assuming net fixed assets increased by $20,550 during the year, what was the addition to NWC? (Do not include the dollar sign ($).) Addition to net working capital

Explanation / Answer

Operating cash flows = 156000 - 81300 -4600 - 18200 = $51900

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