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30 May, 11:18

Red Barchetta Co. paid $28,130 in dividends and $29,193 in interest over the past year. During the year, net working capital increased from $13,842 to $18,569. The company purchased $43,540 in fixed assets and had a depreciation expense of $17,435. During the year, the company issued $25,350 in new equity and paid off $21,490 in long-term debt. What was the company's cash flow from assets?

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  1. 30 May, 13:31
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    = $53,463

    Explanation:

    To calculate the cash flow:

    = (Interest paid over the past year + long-term debt paid) + (Cash paid in dividends - Equity Issued)

    Cash flow from assets = ($29,193 + 21,490) + ($28,130 - 25,350)

    = $50,683 + 2,780

    = $53,463
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