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AS 14, 1. Cash Flow to Creditors The 2009 balance sheet of Anua's Teanís Shop, Inc., showed tenzg-tera debt of $1.34 million, and the 2010 balance sheet showed long-terra debt of $1.39 millivu. The 2010 income statemeti showed an Interest expense of $113,000. What was the firms cash flow.to creditors dusing 2010% Cash Flow to Stockholders The 2009 balanes kee of Anna's Teneis Shop, Tus. showed 5430,000 in the comexon stock account and $2.6 million in the addíitioaal paid-in suzplus account, The 2010 balance sheet showed $450,000 and $3.05 raillioa ln the same two accounts, respectively. 1£ (he compuny paid out $385,000 ln cash dividends derine 2010, what vas the cash [low to stocicholders for the year? Calealating Cash Plows Criven the int rmation for Annals nis Shop, Toc. in the previous two problems, suppose you also know that che firm's pet capital spending for 2010 was 5875,000 and that the firor ceduced ¡ts not woddeg capital investuent by $69,000. What was the firals 2010 opera! cash Row, or OCF? Calculating Tntal Cash Floms Schweri Corp. shows tho (ollowiag information on its penses = 55,400; 2010 income statement: sales = $167,000; costs = $91,000; other exp depreciation expense = $8,000; interest espense — $11,000; taxes — $18,060; divi- dends = 39,500. In addition, yowre told that the firm issued 357,250 in new equity during 2010 and redeemed $7,100 in outstanding long-term debi. a. What is the 2010 operating cash flow? b. What is tc 2010 cash flow to oreditors? e. Whatis the 201.0 cash flow to stockholders? d. 1f net fixed assets increased hy 822,400 during the year, vihal was the addition to net working capital (NWC)? Net lucome and OCF- During 2010, Raínes Umbrella Corp. had seles of $740,000. + Cost of guods sold, adwinistrative and selling expenses, and depr:ciation expenses 20. 24, «were $610,000, $105,000, and $140,000, respectively. In addition, the company had an interest expenss of $70,000 and a tax rate of 33 perceut. (Ignore any tax loss car- ryback or caryforward provision.) . a. What ls Ralnes's uet jucoue for 20107 b, What is its operating cash £0w? <. Explain your results in (a) and (b). Accounting Values versus Cash Flows la Problem 19, suppose Raines Umbrella Corp. paíd vul $30,000 in cast «lividends, Is this possible? Lf spending or net fixed assets and net working capital was zero, and 1f no new stock was issued duriag the ycar, what was the change in the firm's long-term debt account? Calcalatug Cash Flow For 2010, calculate the cash flow fiom asscta, s 3 Y ), calcula cash Ez a, cash How ercditors, and cash How to atockholders. mo Loa the following information for Ia D li É gersoll, Tnc., fe Probler: uma the tax rate is 34 percent): 24 fases ho Sales $523 $506 É Depreciarian 750 ib Cost of goods sold 1,797 2,040 E Other expenses 426 156 E Interest 350 “mé Cash 2,739 200 5 Accounts receivable 3.526 4,095 E Short-terin notes juyable 5219 ant E Long-term debr 9.173 10,702 E Her fed asseta 2.970 23,518 Azxounts payable 2.977 2.700 Inventory 84147 5.625 nds 427 701 
