Nielsen Auto Parts had beginning net fixed assets of $218,470 and ending net fixed assets of $209,411. During the year, assets with a combined book value of $6,943 were sold. Depreciation for the year was $42,822. What is the amount of net capital spending?
Net capital spending = $209,411 - $218,470 + $42,822 = $33,763
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61.
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At the beginning of the year, a firm had current assets of $121,306 and current liabilities of $124,509. At the end of the year, the current assets were $122,418 and the current liabilities were $103,718. What is the change in net working capital?
Change in net working capital = ($122,418 - $103,718) - ($121,306 - $124,509) = $21,903
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62.
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At the beginning of the year, the long-term debt of a firm was $72,918 and total debt was $138,407. At the end of the year, long-term debt was $68,219 and total debt was $145,838. The interest paid was $6,430. What is the amount of the cash flow to creditors?
Cash flow to creditors = $6,430 - ($68,219 - $72,918) = $11,129
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63.
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Adelson's Electric had beginning long-term debt of $42,511 and ending long-term debt of $48,919. The beginning and ending total debt balances were $84,652 and $78,613, respectively. The interest paid was $4,767. What is the amount of the cash flow to creditors?
Cash flow to creditors = $4,767 - ($48,919 - $42,511) = -$1,641
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