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MGMT310_lecture2_problems

MGMT310_lecture2_problems - was the cash flow to...

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Problem 2.11 The 2008 balance sheet of Maria’s Tennis Shop, Inc., showed long term debt of $2.6 million, and the 2009 balance sheet showed long term debt of $2.9 million. The 2009 income statement showed an interest expense of $170 000 What was statement showed an interest expense of $170,000. What was the firm’s cash flow to creditors during 2009?
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Problem 2.12 The 2008 balance sheet of Maria’s Tennis Shop, Inc., showed $740,000 in the common stock account and $5.2 million in the additional paid in surplus account. The 2009 balance sheet showed $815 000 and $5 5 million in the same two accounts showed $815,000 and $5.5 million in the same two accounts, respectively. If the company paid out $490,000 in cash dividends during 2009,
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Unformatted text preview: was the cash flow to stockholders for the year? roblem 2.13 Problem 2.13 • Given the information for Maria’s Tennis Shop, Inc., in Problems 11 and 12, suppose you already know that the firm’s net capital spending for 2009 was $940,000, and that the firm duced s et orking pital vestment y 5 00 hat reduced its net working capital investment by $85,000. What was the firm’s 2009 operating cash flow , or OCF? roblem 2.17 Problem 2.17 • Dimeback, Inc., is obligated to pay its creditors $7,300 during the year. – A) What is the market value of the shareholders’ equity if assets have a market value of $8,400? – B) What if assets equals $6,700?...
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