Balance sheet showed long-term debt

Assignment Help Financial Management
Reference no: EM131524977

The 2014 balance sheet of Jordan’s Golf Shop, Inc., showed long-term debt of $5.6 million, and the 2015 balance sheet showed long-term debt of $5.85 million. The 2015 income statement showed an interest expense of $185,000. The 2014 balance sheet showed $550,000 in the common stock account and $4.7 million in the additional paid-in surplus account. The 2015 balance sheet showed $590,000 and $5.1 million in the same two accounts, respectively. The company paid out $555,000 in cash dividends during 2015. Suppose you also know that the firm’s net capital spending for 2015 was $1,410,000, and that the firm reduced its net working capital investment by $77,000. What was the firm’s 2015 operating cash flow, or OCF?

Reference no: EM131524977


Write a Review


Financial Management Questions & Answers

  Present and future values of a cash flow stream

An investment will pay $150 at the end of each of the next 3 years, $200 at the end of Year 4, $300 at the end of Year 5, and $600 at the end of Year 6. If other investments of equal risk earn 12% annually, what is its present value?

  What should be its price in the bond market

If a corporate bond with a face value of $1,000 has 24 years to go until it matures, has a coupon interest rate of 5.7% and a yield to maturity (YTM) of 4.201%, what should be its price in the bond market (ie, PV)?

  What is the current stock price

Marcel Co. is growing quickly. The company just paid a dividend of $2.00. Dividends are expected to grow at a 25% rate for the next three years, with the growth rate falling off to a constant 5% thereafter. If the required return is 7%, what is the c..

  Rules in deducting costs associated with donated services

What are the rules in deducting costs associated with donated services? What are the benefit received rules concerning charitable contributions?

  Compute the net present value of the dam

The following questions all concern a proposal to build a dam to reduce the chances that farmers will be subject to flooding and to increase the availability of water for farm irrigation Compute the net present value of the dam, assuming that annual ..

  How much does the investor gain

How much does the investor gain or lose if the exchange rate at the end of the contract is 1.4200 USD/GBP?

  Brewed bean will receive from the discounted note

Calculate the proceeds that The Brewed Bean will receive from the discounted note.

  How much cash will you have from sale you pay off mortgage

You have just sold your house for 1,100,000 in cash. Your mortgage was originally a 30-year mortgage with monthly payments and an initial balance of 800,000. The mortgage is currently exactly 18.5 years old, and you have just made a payment. If the i..

  What would be the pr ice of the bond if the yield

Expert Security Inc. has 9 percent coupon bonds on the market with five (5 ) years left until maturity. These bonds make annual payments. If the yield to maturity on t he bond is 8 percent, what is the current price of the bond? What would be the pr ..

  Start saving money into a retirement account

Tom plans to start saving money into a retirement account as soon as he gets his first job and will continue to do so for the next 40 years. For each $100 he saves, how much will he have at the end of 40 years if he earns 8% per year? How much will B..

  Calculate call option value-two-state stock price model

You are attempting to value a call option with an exercise price of $102 and 1 year to expiration. The underlying stock pays no dividends, its current price is $102, and you believe it has a 50% chance of increasing to $121 and a 50% chance of decrea..

  Related to the term structure of interest rates

Which one of the following risk-premiums, by definition, is not related to the term structure of interest rates (i.e. shape of the yield curve)?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd