Solution-Creditors and net new long-term debt

Creditors and net new long-term debt

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Reference no: EM131401928

During 2009, Raines Umbrella Corp. had sales of $731,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $575,000, $95,000, and $132,000, respectively. In addition, the company had an interest expense of $98,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.) Assume Raines Umbrella Corp. paid out $20,000 in cash dividends, spending on net fixed assets and net working capital was zero, and no new stock was issued during the year. What is the firm's Cash Flow from Assets, Cash Flow to Shareholders, Cash Flow to Creditors and net new Long-term Debt?

Reference no: EM131401928

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Creditors and net new long-term debt : Assume Raines Umbrella Corp. paid out $20,000 in cash dividends, spending on net fixed assets and net working capital was zero, and no new stock was issued during the year. What is the firm's Cash Flow from Assets, Cash Flow to Shareholders, Cash ..

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Creditors and net new long-term debt

Reference no: EM131401928

Reference no: EM131401928

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