You are researching Time Manufacturing and have found the following accounting statement of cash flows for the most recent year. You also know that the company paid $98.4 million in current taxes and had an interest expense of $48.4 million.
Calculate the cash flow to stockholders.
$45
$70
$59
$62
Homework Answers
| Proceeds from new stock issue | 48 |
| (-) Repurchase of stock | 17 |
| Net new equity raised | 31 |
| Cash flow to stockholders = Dividends - Net new equity raised = 90 - 31 | 59 |
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You are researching Time Manufacturing and have found the
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For the year Ended December 31, 2017
Cash Flows from Operating Activities:
Net income
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Add (deduct) items not affecting cash:
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Increase in accounts receivable
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