Use the following information for the last 2 problems. Bones, Inc. shows the following information...
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Finance
Use the following information for the last 2 problems. Bones, Inc. shows the following information on its 2011 income statement: sales = $114,000; costs = $61,200; other expenses = $3,300; depreciation expense = $9,600; interest expense = $8,400; taxes = $10,710; and dividends = $3,840. In addition, the firm issued $1,700 in new equity and retired $3,600 in long-term debt in 2011. 1.8 a. (4 points) What is the 2011 operating cash flow? b. (3 points) What is the 2011 cash flow to creditors? c. (3 points) What is the 2011 cash flow to stockholders? 1.9 If net fixed assets increased by $11,400 during the year, what was the addition to NWC? (Hint: the answer is not zero.)
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