Prepare a 2015 balance sheet for Cornell Corp. based on the following information: cash = $134,000; patents and copyrights = $670,000; account payable = $210,000; accounts receivable = $105,000; tangible net fixed assets = $1’730,000; inventory = $293,000; notes payable = $160,000; accumulated retained earnings = $1’453,000; long-term debt = $845,000.

Prepare a 2015 balance sheet for Cornell Corp. based on the following information: cash = $134,000; patents and copyrights = $670,000; account payable = $210,000; accounts receivable = $105,000; tangible net fixed assets = $1’730,000; inventory = $293,000; notes payable = $160,000; accumulated retained earnings = $1’453,000; long-term debt = $845,000.

Volbeat Corp. shows the following information on its 2015 income statement: sales = $267,000; costs = $148,000; other expenses = $8,200; depreciation expense = $17,600; interest expense = $12,400; taxes = $32,620; dividends = $15,500. In addition, you’re told that the firm issued $6,400 in new equity during 2015 and redeemed $4,900 in outstanding long-term debt.

1. What is the 2015 operating cash flow?
2. What is the 2015 cash flow to creditors?
3. What is the 2015 cash flow to stockholders?
4. If net fixed assets increased by $25,000 during the year, what was the addition to NWC?

Given the information for Sugarpova’s Tennis Shop, Inc., in Problems 8 and 9, suppose you also know that the firm’s net capital spending for 2015 was $1’250,000 and that the firm reduced its net working capital investment by $45,000. What was the firm’s 2015 operating cash flow, or OCF?

Given the information for Sugarpova’s Tennis Shop, Inc., in Problems 8 and 9, suppose you also know that the firm’s net capital spending for 2015 was $1’250,000 and that the firm reduced its net working capital investment by $45,000. What was the firm’s 2015 operating cash flow, or OCF?

The 2014 balance sheet of Sugarpova’s Tennis Shop, Inc., showed $670,000 in the common stock account and $4.1 million in the additional paid-in surplus account. The 2015 balance sheet showed $825,000 and $4.4 million in the same two accounts, respectively. If the company paid out $565,000 in cash dividends during 2015, what was the cash flow to stockholders for the year?

The 2014 balance sheet of Sugarpova’s Tennis Shop, Inc., showed $670,000 in the common stock account and $4.1 million in the additional paid-in surplus account. The 2015 balance sheet showed $825,000 and $4.4 million in the same two accounts, respectively. If the company paid out $565,000 in cash dividends during 2015, what was the cash flow to stockholders for the year?

The 2014 balance sheet of Suparpova’s Tennis Shop, Inc., showed long-term debt of $1.95 million, and the 2015 balance sheet showed long-term debt of $2.28 million. The 2015 income statement showed and interest expense of $235,000. What was the firm’s cash flow to creditors during 2015?

The 2014 balance sheet of Suparpova’s Tennis Shop, Inc., showed long-term debt of $1.95 million, and the 2015 balance sheet showed long-term debt of $2.28 million. The 2015 income statement showed and interest expense of $235,000. What was the firm’s cash flow to creditors during 2015?

The 2014 balance sheet of Steelo, Inc., showed current assets of $4,630 and current liabilities of $2,190. The 2015 balance sheet showed current assets of $5,180 and current liabilities of $2,830. What was the company’s 2015 change in net working capital, or NWC?

The 2014 balance sheet of Steelo, Inc., showed current assets of $4,630 and current liabilities of $2,190. The 2015 balance sheet showed current assets of $5,180 and current liabilities of $2,830. What was the company’s 2015 change in net working capital, or NWC?

Bowyer Driving School’s 2014 balance sheet showed net fixed assets of $2.7 million, and the 2015 balance sheet showed net fixed assets of $3.5 million. The company’s 2015 income statement showed a depreciation expense of $328,000. What was net capital spending for 2015?

Bowyer Driving School’s 2014 balance sheet showed net fixed assets of $2.7 million, and the 2015 balance sheet showed net fixed assets of $3.5 million. The company’s 2015 income statement showed a depreciation expense of $328,000. What was net capital spending for 2015?

The Dyrdek Co. had $267,000 in 2014 taxable income. Using the rates from Table 2.3 in the chapter, calculate the company’s 2014 income taxes.

The Dyrdek Co. had $267,000 in 2014 taxable income. Using the rates from Table 2.3 in the chapter, calculate the company’s 2014 income taxes.

Suppose the firm in Problem 3 had 90,000 shares of common stock outstanding. What is the earnings per share, or EPS, figure? What is the dividends per share figure?

Suppose the firm in Problem 3 had 90,000 shares of common stock outstanding. What is the earnings per share, or EPS, figure? What is the dividends per share figure?

Suppose the firm in Problem 2 paid out $95,000 in cash dividends. What is the addition to retained earnings?

Suppose the firm in Problem 2 paid out $95,000 in cash dividends. What is the addition to retained earnings?