70.2K

Verified Solution

Link Copied!

The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,415,000, $143,000 in the common stock account, and $2,680,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed long-term debt of $1,610,000, $153,000 in the common stock account, and $2,980,000 in the additional paid-in surplus account. The 2019 income statement showed an interest expense of $95,500 and the company paid out $148,000 in cash dividends during 2019. The firms net capital spending for 2019 was $990,000, and the firm reduced its net working capital investment by $128,000.

What was the firm's cash flow to creditors during 2019? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 1,234,567.)

What was the firms cash flow to stockholders during 2019? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 1,234,567.)

What was the firms cash flow from assets during 2019? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 1,234,567.)

What was the firms operating cash flow during 2019? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 1,234,567.)

Answer & Explanation Solved by verified expert

See Answer