question archive Jetson Spacecraft Corp
Jetson Spacecraft Corp
Subject:FinancePrice: Bought3
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Jetson Spacecraft Corp. shows the following information on its 2011 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 2011 and redeemed $4,300 in outstanding long-term debt. |
| a. |
What is the 2011 operating cash flow? |
| Operating cash flow | $ |
| b. |
What is the 2011 cash flow to creditors? |
| Cash flow to creditors | $ |
| c. |
What is the 2011 cash flow to stockholders? |
| Cash flow to stockholders | $ |
| d. |
If net fixed assets increased by $28,000 during the year, what was the addition to NWC? |
| Addition to NWC | $ |
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Prepare a 2011 balance sheet for Cornell Corp. based on the following information: cash = $131,000; patents and copyrights = $630,000; accounts payable = $212,000; accounts receivable = $107,500; tangible net fixed assets = $1,630,000; inventory = $295,000; notes payable = $180,000; accumulated retained earnings = $1,270,000; long-term debt = $849,000. (Be sure to list the accounts in order of their liquidity.) |
| CORNELL COP. Balance Sheet |
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| Assets | |
| (Click to select)Accounts payableAccounts receivableCashInventoryNotes payable | $ |
| (Click to select)Accounts receivableAccounts payableNotes payableTangible net fixed assetsIntangible net fixed assets | |
| (Click to select)Accounts receivableAccounts payableInventoryCashCommon stock | |
| Current assets | $ |
| (Click to select)Accounts payableAccounts receivableIntangible net fixed assetsInventoryTangible net fixed assets | |
| (Click to select)Tangible net fixed assetsAccumulated retained earningsIntangible net fixed assetsNotes receivableCommon stock | |
| Total assets | $ |
| Liabilities | |
| (Click to select)Long-term debtAccounts payableNotes payableAccumulated retained earningsAccounts receivable | $ |
| (Click to select)Accumulated retained earningsCommon stockLong-term debtNotes receivableNotes payable | |
| Current liabilities | $ |
| (Click to select)Accounts payableAccounts receivableCashInventoryLong-term debt | |
| Total liabilities | $ |
| (Click to select)Notes payableCommon stockNotes receivableAccounts payableAccounts receivable | |
| (Click to select)Common stockCashAccumulated retained earningsNotes payableAccounts payable | |
| Total liabilities & owners' equity | $ |
| Use the following information for Taco Swell, Inc., (assume the tax rate is 30 percent): |
| 2010 | 2011 | |||
| Sales | $ | 13,073 | $ | 13,836 |
| Depreciation | 1,691 | 1,766 | ||
| Cost of goods sold | 4,129 | 4,737 | ||
| Other expenses | 961 | 839 | ||
| Interest | 810 | 941 | ||
| Cash | 6,112 | 6,556 | ||
| Accounts receivable | 8,070 | 9,517 | ||
| Short-term notes payable | 1,200 | 1,177 | ||
| Long-term debt | 20,410 | 24,711 | ||
| Net fixed assets | 50,954 | 55,660 | ||
| Accounts payable | 4,432 | 4,734 | ||
| Inventory | 14,334 | 15,318 | ||
| Dividends | 1,100 | 1,648 |
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For 2011, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders.(Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.) |
| Cash flow from assets | $ |
| Cash flow to creditors | $ |
| Cash flow to stockholders | $ |
