connect FINANCE ial Statements, Taxes, and Cash Flow Question 2 (of 5) value: 4.

Question

connect FINANCE ial Statements, Taxes, and Cash Flow Question 2 (of 5) value: 4.00 points P2-14 Calculating Total Cash Flows [LO4] Jetson Spacecraft Corp. shows the following information on its 2009 income statement: sales $209,000; costs $101,000; other expenses $5,100; depreciation expense $9,000; interest expense $13,700; taxes $28,070; dividends $10,300. In addition, you're told that the firm issued $7,200 in new equity during 2009 and redeemed $8,800 in outstanding long-term debt (a) What is the 2009 operating cash flow? (Click to select) (b) What is the 2009 cash flow to creditors? (Click to select) 733 (c) What is the 2009 cash flow to stockholders? (Click to select) (d) If net fixed assets increased by $20,000 during the year, what was the addition to NWC? (Click to select) References eBook & Resources Worksheet

Explanation / Answer

Calculation of 2009 Operating cash flow Sales $209,000 Costs -$101,000 Other Expenses -$5,100 Interest Expense -$13,700 Taxes -$28,070 Operating Cash flow $61,130 Calculation of cash flow to creditors Costs -$101,000 Other Expenses -$5,100 Interest Expense -$13,700 Taxes -$28,070 Cash flow to creditors -$147,870 Calculation of cash flow to stockholders Dividends -$10,300 Issue of new equity $7,200 Cash flow to stockholders -$3,100 Additional to NWC i.e.net working capital = Operating cash flow $61,130 Increase in net fixed assets -$20,000 Cash flow to stockholders -$3,100 Redemption of long term debt -$8,800 Addition to NWC $29,230

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