Below is the balance sheet for Southern Comfort Company for December 31 of 2015 and 2016.
1. What was the cash flow to creditors in 2016?
2. What was the cash flow to stockholders in 2016?
Homework Answers
1.
Increase in borrowings = Long term debt, 2016 - Long term debt, 2015
= 6,000 - 5,400
= $600
Cash flow to creditors = Interest paid – Increase in borrowings
= 4,800 - 600
= $4,200
2.
Cash flow to stockholders = Dividend paid – (Ending equity – Beginning equity)
= 6,480 - (11,000 - 9,900)
= 6,480 - 1,100
= $5,380
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Below is the balance sheet for Southern Comfort Company for
December 31 of 2015 and 2016....
Below is the balance sheet for Southern Comfort Company for December 31 of 2015 and 2016....
Below is the balance sheet for Southern Comfort Company for
December 31 of 2015 and 2016. The income statement for 2016 is also
given. Find the following:
1. What was cash flow from assets in 2016?
2. What was the cash flow to creditors in
2016?
3. What was the cash flow to stockholders in
2016?
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Below is the balance sheet for Southern Comfort Company for
December 31 of 2015 and 2016. The income statement for 2016 is also
given. Find the following:
1. What was cash flow from assets in 2016?
2. What was the cash flow to creditors in
2016?
3. What was the cash flow to stockholders in
2016?
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