24 Jul CALCULATE
You are researching Time Manufacturing and have found the following accounting statement of cash Show more 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) TIME MANUFACTURING Statement of Cash Flows ($ in millions) 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 $ Show less
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