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Category > Management Posted 16 May 2017 My Price 7.00

You are researching Time Manufacturing and have found the following

You are researching Time Manufacturing and have found the following accounting statement of cash flows for the most recent year. You also know that the company paid $98 million in current taxes and had an interest expense of $48 million.

  

TIME MANUFACTURING
Statement of Cash Flows
($ in millions)
  Operations    
  Net income $ 173
  Depreciation   94
  Deferred taxes   19
  Changes in assets and liabilities    
  Accounts receivable   -18
  Inventories   22
  Accounts payable   17
  Accrued expenses   ?9
  Other   3
     
  Total cash flow from operations $ 301
     
  Investing activities    
  Acquisition of fixed assets -$ 215
  Sale of fixed assets   23
     
  Total cash flow from investing activities -$ 192
     
  Financing activities    
  Retirement of long-term debt -$ 162  
  Proceeds from long-term debt sales   116
  Change in notes payable   6
  Dividends   -86
  Repurchase of stock   -13
  Proceeds from new stock issue   44
     
  Total cash flow from financing activities -$ 95
     
  Change in cash (on balance sheet) $ 14
     
 

  

1.

Calculate the operating cash flow. (Do not round intermediate calculations. Enter your answers in millions, for e.g., 10.2 million would be entered as 10.2. Negative amounts should be indicated by a minus sign.)

  

   Operating cash flow $    

  

2.

Calculate the capital spending. (Do not round intermediate calculations. Enter your answers in millions, for e.g., 10.2 million would be entered as 10.2. Negative amounts should be indicated by a minus sign.)

  

   Capital spending $    

  

3.

Calculate the net working capital cash flow. (Do not round intermediate calculations. Enter your answers in millions, for e.g., 10.2 million would be entered as 10.2. Negative amounts should be indicated by a minus sign.)

  

   Net working capital cash flow $   

  

4.

Calculate the cash flow to creditors. (Do not round intermediate calculations. Enter your answers in millions, for e.g., 10.2 million would be entered as 10.2. Negative amounts should be indicated by a minus sign.)

  

   Cash flow to creditors $   

  

5.

Calculate the cash flow to stockholders. (Do not round intermediate calculations. Enter your answers in millions, for e.g., 10.2 million would be entered as 10.2. Negative amounts should be indicated by a minus sign.)

  

   Cash flow to stockholders $

Answers

Alpha Geek
(8)
Status NEW Posted 16 May 2017 11:05 AM My Price 7.00

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file 1494934402-Answer.docx preview (489 words )
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