Question

National Importers paid $38,600 in dividends and $24,615 in interest over the past year while net working capital increased from $15,506 to $17,411. The company purchased $38,700 in net new fixed assets and had depreciation expenses of $14,784. During the year, the firm issued $20,000 in net new equity and paid off $23,800 in long-term debt. What is the amount of the cash flow from assets?

Answer 1

Answer:

Financing Activity:

Dividend paid = (38600)

Interest paid = (24615)

proceeds from issuance of shares = 20000

Payment of long term debt = (23800)

 Amount of cash from assets = (67015)

Answer 2

Answer:

$67,015

Explanation:

Given that

Interest = 24615

Long term debt paid off = 23800

Dividends paid = 38600

New equity = 2000

Therefore,

Cash flow from assets = (24,615 + 23,800) + (38,600-20,000)

= 48415 + 18600

= $67,015