Use the following information for this and the next three questions.

Question 1
Use the following information for this and the next three questions.
 SMJ Inc. had the following information on last year’s balance sheet.
 

Sales

$ 178,000

Costs

82,500

Other expenses

7,500

Depreciation expense

14,700

Interest expense

8,400

Taxes

21,400

Dividends

12,460

 

 

2002 New equity

$ 5,400

Net new long-term debt

(2,400)

Increase in net fixed assets

17,800

 What was the operating cash flow for SMJ? 7060, 10800, 66600, 17860
 
Question 2
What was the cash flow to creditors for SMJ? 7060, 10800, 66600, 17860
 
Question 3
What was the cash flow to stockholders of SMJ? 7060, 10800, 66600, 17860
 
Question 4
What was the change in net working capital for SMJ? 16240, 10800, 7060, 6600
 
Question 5
Use the following information for this and the next four questions.
 You are given the following for TG Inc. for the last year:
 

Sales

$ 26,500

Cost of goods sold

18,850

Depreciation expense

2,900

Interest expense

400

Dividends paid

16,000

New debt issued

500

 

 

Beginning Net fixed assets

$ 12,400

Beginning Current assets

2,600

Beginning Current liabilities

2,250

 

 

Ending Net fixed assets

$ 15,250

Ending Current assets

3,890

Ending Current liabilities

2,650

Tax rate

40%

 Assuming G

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