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stiv31 [10]
2 years ago
13

During the past year, a company had cash flow to creditors, an operating cash flow, and net capital spending of $30,026, $67,603

, and $28,760, respectively. The net working capital at the beginning of the year was $11,917 and it was $13,900 at the end of the year. What was the company's cash flow to stockholders during the year?
Business
1 answer:
larisa86 [58]2 years ago
6 0

Answer: $6,834

Explanation:

Given the following ;

Cash flow to creditors = $30,026

Operating Cashflow = $67,603

Net capital spending = $28,760

Beginning net working capital = $11,917

Ending working capital = $13,900

Therefore,

Net working capital = Ending working capital - beginning working capital

Net working capital = $(13,900 - 11,917) = $1,983

Cashflow from asset = (operating Cashflow - Net capital spending - net working capital)

Cashflow from asset = $67,603 - $28,760 - $1,983 = $36,860

Therefore,

Company's Cashflow to stockholders during the year = (Cashflow from asset - Cashflow to creditors)

$36,860 - $30,026 = $6,834

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