Question

12. Given the information for Sugarpova’s Tennis Shop, Inc., in Problems 10 and 11, suppose you also know that the firm’s net capital spending for 2015 was $1,250,000 and that the firm reduced its net working capital investment by $45,000. What was the firms OCF for 2015?

10. The 2014 balance sheet of Sugarpovas tennis. showed long-term debt of 1.95 million, and the 2015 balance sheet showed long term debt of $2.8million. the 2015 income statement showed an interest expense of $235,000. What was the firms CFC?

11. the 2014 balance of shop. showed 670,000 in the common stock account and 4.1 million in the additional paid-in surplus account. the 2015 balance sheet showed 825,000 and 4.4million in the same two accounts, respectivley. if the compnay paid out 565,000 in cash dividends during 2015 what is the CFS for the year?

Answer 1