Net New Long-term Debt = Long-term Debt, 2014 - Long-term Debt,
2013
Net New Long-term Debt = $2,700,000 - $2,500,000
Net New Long-term Debt = $200,000
Cash Flow to Creditors = Interest Expense - Net New Long-term
Debt
Cash Flow to Creditors = $552,000 - $200,000
Cash Flow to Creditors = $352,000
Cash Flow from Assets = Cash Flow to Creditors + Cash Flow to
Stockholders
Cash Flow from Assets = $352,000 + $305,000
Cash Flow from Assets = $657,000
Cash Flow from Assets = Operating Cash Flow - Net Capital
Spending - Net Increase in NWC
$657,000 = Operating Cash Flow - $846,000 - (-$92,000)
Operating Cash Flow = $1,411,000
Question 3 2 pts The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt...
Question 3 2 pts The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.5 million, and the 2014 balance sheet showed long-term debt of $2.7 million. The 2014 income statement showed an interest expense of $552,000. During 2014, Maria's Tennis Shop, Inc., had a cash flow to stockholders for the year of $305,000. Suppose you also know that the firm's net capital spending for 2014 was $846,000, and that the firm reduced its net working capital...
D Question 3 2 pts The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.5 million, and the 2014 balance sheet showed long-term debt of $2.7 million. The 2014 income statement showed an interest expense of $552,000. During 2014, Maria's Tennis Shop, Inc., had a cash flow to stockholders for the year of $305,000. Suppose you also know that the frm's net capital spending for 2014 was $846,000, and that the firm reduced its net working...
DI Question 3 2 pts The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.0 million, and the 2014 balance sheet showed long-term debt of $2.8 million. The 2014 income statement showed an interest expense of $568,000. During 2014, Maria's Tennis Shop, Inc., had a cash flow to stockholders for the year of $336,000. Suppose you also know that the firm's net capital spending for 2014 was $828,000, and that the firm reduced its net working...
Question 1 1.5 pts The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.5 million, and the 2014 balance sheet showed long-term debt of $3.7 million. The 2014 income statement showed an interest expense of $727,000 What was the firm's cash flow to creditors during 2014? (Round final answer to the nearest whole dollar. Do not round intermediate calculations). Topic: Cash Flow Identity
The 2014 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $6.5 million, and the 2015 balance sheet showed long-term debt of $5.5 million. The 2015 income statement showed an interest expense of $49787. During 2015, Maria's Tennis Shop, Inc. realized the following: Cash flow to creditors $16878 Cash flow to stockholders $71136 Suppose you also know that the firm's net capital spending for 2015 was $2.2 million, and that the firm reduced its net working capital investment...
The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.2 million, and the 2014 balance sheet showed long-term debt of $2.9 million. The 2014 income statement showed an interest expense of $686,000. During 2014, Maria’s Tennis Shop, Inc., had a cash flow to stockholders for the year of $302,000. Suppose you also know that the firm’s net capital spending for 2014 was $852,000, and that the firm reduced its net working capital investment by $76,000. What...
The 2014 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $6.9 million, and the 2015 balance sheet showed long-term debt of $5.1 million. The 2015 income statement showed an interest expense of $87331. During 2015, Maria’s Tennis Shop, Inc. realized the following: Cash flow to creditors $ 29992 Cash flow to stockholders $ 60514 Suppose you also know that the firm’s net capital spending for 2015 was $3.4 million, and that the firm reduced its net working...
The 2014 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $4.5 million, and the 2015 balance sheet showed long-term debt of $5.9 million. The 2015 income statement showed an interest expense of $67044. During 2015, Maria’s Tennis Shop, Inc. realized the following: Cash flow to creditors $ 16565 Cash flow to stockholders $ 77992 Suppose you also know that the firm’s net capital spending for 2015 was $2.6 million, and that the firm reduced its net working...
Question 2 1.5 pts The 2013 balance sheet of Maria's Tennis Shop, Inc., showed $552,000 in the common stock account while the 2014 balance sheet showed $738,000. If the company paid out $326,000 in cash dividends during 2014, what was the cash flow to stockholders for the year? (Round final answer to the nearest whole dollar. Do not round intermediate calculations). Topic: Cash Flow Identity 2 pts Question 3 torm deht of 2 5 million, and
Question 2 1.5 pts The 2013 balance sheet of Maria's Tennis Shop, Inc., showed $552,000 in the common stock account while the 2014 balance sheet showed $738,000. If the company paid out $326,000 in cash dividends during 2014, what was the cash flow to stockholders for the year? (Round final answer to the nearest whole dollar. Do not round intermediate calculations) Topic: Cash Flow Identity 2 pts Question 3