ZuoTi.Pro
Question

The Pelican Corporation provided the following information for 2018, in $ millions: Proceeds from long-term borrowing Proceeds from sale of common stock Net sales of fixed assets Increase in working capital Payment of dividends $6994 $3903 $10416 $12447 $11211 The company paid no interest during the year, and there were no other changes in the balance sheet. Compute the Operating Cash Flow (OCF) of the company. Select one: 23177 12271 6089 755 2345

business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

234 PAGE NO DATE Balance shat 1 6 seete loon 6999 om 7 2447 ne ( 1550-10416 + 1 1 2 1 1 66+1121L 2345ommen

0 0
Add a comment
Know the answer?
Add Answer to:
The Pelican Corporation provided the following information for 2018, in $ millions: Proceeds from long-term borrowing...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • The Pelican Corporation provided the following information for 2018, in $ millions Proceeds from long-term borrowing...

    The Pelican Corporation provided the following information for 2018, in $ millions Proceeds from long-term borrowing Proceeds from sale of common stock Net sales of fixed assets Increase in working capital Payment of dividends $6996 $3956 $9644 $12079 11049 The company paid no interest during the year, and there were no other changes in the balance sheet. Compute the Operating Cash Flow (OCF) of the company Select one: O 5574 O 21820 11654 278 O 2532

  • The Stancil Corporation provided the following current information:      Proceeds from long-term borrowing $ 17,900   Proceeds...

    The Stancil Corporation provided the following current information:      Proceeds from long-term borrowing $ 17,900   Proceeds from the sale of common stock 4,900   Purchases of fixed assets 21,900   Purchases of inventories 2,800   Payment of dividends 15,400    Determine the cash flows from the firm and the cash flows to investors of the firm. (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.)         Cash flows from the firm $      Cash flows to investors...

  • The 2018 balance sheet of Speith’s Golf Shop, Inc., showed long-term debt of $5.4 million, and...

    The 2018 balance sheet of Speith’s Golf Shop, Inc., showed long-term debt of $5.4 million, and the 2019 balance sheet showed long-term debt of $5.65 million. The 2019 income statement showed an interest expense of $175,000. The 2018 balance sheet showed $530,000 in the common stock account and $2.3 million in the additional paid-in surplus account. The 2019 balance sheet showed $570,000 and $2.5 million in the same two accounts, respectively. The company paid out $400,000 in cash dividends during...

  • 1- Marcellus Corp. provided the following information for calendar 2018: Marcellus adheres to ASPE. Proceeds from...

    1- Marcellus Corp. provided the following information for calendar 2018: Marcellus adheres to ASPE. Proceeds from issuing bonds......................................200,000 Purchase of inventories ..............................................380,000 Purchase of long-term investment ..............................280,000 Dividends paid to preferred shareholders ................... 40,000 Proceeds from issuing preferred shares ..................... 160,000 Proceeds from sale of equipment ...............................40,000 The cash provided by (used in) investing activities during 2018 is a) $40,000. b) $(240,000). c) $(400,000). d) $(440,000). 2. Selected information from Regan Ltd.'s 2018 accounting records is as follows: Proceeds from...

  • The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1.390,000. $138,000 in...

    The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1.390,000. $138,000 in the common stock account, and $2,630,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed long-term debt of $1,560,000, $148,000 in the common stock account and $2,930.000 in the additional paid-in surplus account The 2019 income statement showed an interest expense of $93.000 and the company paid out $143,000 in cash dividends during 2019. The firm's net capital spending for...

  • The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $2.5 million, and...

    The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $2.5 million, and the 2018 balance sheet showed long-term debt of $2.65 million. The 2018 income statement showed an interest expense of $100,000. During 2018, the company had a cash flow to creditors of –$50,000 and the cash flow to stockholders for the year was $60,000. Suppose you also know that the firm’s net capital spending for 2018 was $1,310,000, and that the firm reduced its net...

  • The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $5.4 million, and...

    The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $5.4 million, and the 2018 balance sheet showed long-term debt of $5.6 million. The 2018 income statement showed an interest expense of $175,000. During 2018, the company had a cash flow to creditors of –$25,000 and the cash flow to stockholders for the year was $80,000. Suppose you also know that the firm’s net capital spending for 2018 was $1,390,000, and that the firm reduced its net...

  • The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $6 million, and...

    The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $6 million, and the 2018 balance sheet showed long-term debt of $6.2 million. The 2018 income statement showed an interest expense of $205,000. During 2018, the company had a cash flow to creditors of $5,000 and the cash flow to stockholders for the year was $60,000. Suppose you also know that the firm’s net capital spending for 2018 was $1,450,000, and that the firm reduced its net...

  • The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $3.3 million, and...

    The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $3.3 million, and the 2018 balance sheet showed long-term debt of $3.4 million. The 2018 income statement showed an interest expense of $155,000. During 2018, the company had a cash flow to creditors of $55,000 and the cash flow to stockholders for the year was $60,000. Suppose you also know that the firm’s net capital spending for 2018 was $1,350,000, and that the firm reduced its net...

  • The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $6.3 million, and...

    The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $6.3 million, and the 2018 balance sheet showed long-term debt of $6.5 million. The 2018 income statement showed an interest expense of $220,000. During 2018, the company had a cash flow to creditors of $20,000 and the cash flow to stockholders for the year was $75,000. Suppose you also know that the firm’s net capital spending for 2018 was $1,480,000, and that the firm reduced its net...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT