# Schwert Corp. shows the following information on its 2014 income statement: sales = \$231,000; costs = \$135,000; other expenses = \$7,900; depreciation expense = \$14,400; interest expense = \$14,300; taxes = \$20,790; dividends = \$11,500. In addition, you’re

January 18, 2021

Schwert Corp. shows the following information on its 2014 income statement: sales = \$231,000; costs = \$135,000; other expenses = \$7,900; depreciation expense = \$14,400; interest expense = \$14,300; taxes = \$20,790; dividends = \$11,500. In addition, you’re told that the firm issued \$5,800 in new equity during 2014 and redeemed \$4,300 in outstanding long-term debt.

 a. What was the 2014 operating cash flow? (Do not round intermediate calculations.)

 Operating cash flow \$ [removed]

 b. What was the 2014 cash flow to creditors? (Do not round intermediate calculations.)

 Cash flow to creditors \$ [removed]

 c. What was the 2014 cash flow to stockholders? (Do not round intermediate calculations.)

 Cash flow to stockholders \$ [removed]

 d. If net fixed assets increased by \$28,000 during the year, what was the addition to NWC? (Do not round intermediate calculations.)

# Schwert Corp. shows the following information on its 2014 income statement: sales = \$231,000; costs = \$135,000; other expenses = \$7,900; depreciation expense = \$14,400; interest expense = \$14,300; taxes = \$20,790; dividends = \$11,500. In addition, you’re

January 18, 2021

Schwert Corp. shows the following information on its 2014 income statement: sales = \$231,000; costs = \$135,000; other expenses = \$7,900; depreciation expense = \$14,400; interest expense = \$14,300; taxes = \$20,790; dividends = \$11,500. In addition, you’re told that the firm issued \$5,800 in new equity during 2014 and redeemed \$4,300 in outstanding long-term debt.

 a. What was the 2014 operating cash flow? (Do not round intermediate calculations.)

 Operating cash flow \$ [removed]

 b. What was the 2014 cash flow to creditors? (Do not round intermediate calculations.)

 Cash flow to creditors \$ [removed]

 c. What was the 2014 cash flow to stockholders? (Do not round intermediate calculations.)

 Cash flow to stockholders \$ [removed]

 d. If net fixed assets increased by \$28,000 during the year, what was the addition to NWC? (Do not round intermediate calculations.)

# Schwert Corp. shows the following information on its 2014 income statement: sales = \$231,000; costs = \$135,000; other expenses = \$7,900; depreciation expense = \$14,400; interest expense = \$14,300; taxes = \$20,790; dividends = \$11,500. In addition, you’re

December 14, 2020

Schwert Corp. shows the following information on its 2014 income statement: sales = \$231,000; costs = \$135,000; other expenses = \$7,900; depreciation expense = \$14,400; interest expense = \$14,300; taxes = \$20,790; dividends = \$11,500. In addition, you’re told that the firm issued \$5,800 in new equity during 2014 and redeemed \$4,300 in outstanding long-term debt.

 a. What was the 2014 operating cash flow? (Do not round intermediate calculations.)

 Operating cash flow \$ [removed]

 b. What was the 2014 cash flow to creditors? (Do not round intermediate calculations.)

 Cash flow to creditors \$ [removed]

 c. What was the 2014 cash flow to stockholders? (Do not round intermediate calculations.)

 Cash flow to stockholders \$ [removed]

 d. If net fixed assets increased by \$28,000 during the year, what was the addition to NWC? (Do not round intermediate calculations.)