on its 1999 income statement: sales $65,000; costs $41,000;
other expenses $1,750; depreciation expense $3,000; interest expense
$7,000; taxes $4,165; dividends $3,200. In addition, you’re told that
the firm issued $1,415 in new equity during 1999, and redeemed $3,000 in
outstanding long-term debt.
a. What is the 1999 operating cash flow?
b. What is the 1999 cash flow to creditors?
c. What is the 1999 cash flow to stockholders?
d. If net fixed assets increased by $2,500 during the year, what was the addition
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