Jetson Spacecraft Corp. shows the following information on its 2009 income statement: sales = $196,000; costs = $104,000; other expenses = $6,800; depreciation expense = $9,100; interest expense = $14,800; taxes = $21,455; dividends = $10,400. In addition, you're told that the firm issued $5,700 in new equity during 2009 and redeemed $7,300 in outstanding long-term debt.

I need the 2009 cash flow to creditors:
I know that the formula is interest-net new borrowing.
I have tried a few combinations CFC=14800-5700 being one of them
I guess that I really just need to come up with how to figure out net new borrowing from the info provided.

My other question is:


The 2008 balance sheet of Maria's Tennis Shop, Inc. showed $2.6 million in long-term debt, $740,000 in the common stock account, and $5.2 million in the additional paid-in surplus account. The 2009 balance sheet showed $2.9 million, $815,000, and $5.5 million in the same three accounts, respectively. The 2009 income statement showed an interest expense of $170,000. The company paid out $490,000 in cash dividends during 2009.

If the firm's net capital spending for 2009 was $940,000, and the firm reduced its net working capital investment by $85,000, the firm's 2009 operating cash flow, or OCF, is

I have been playing around with this one for a while but cannot see where I need to begin.

I know that OCF=EBIT+Depriciation-taxes
I believe that depreciation is: 85000 but I could be wrong there
I am having a hard time figuring out EBIT and depreciation

1 I get the idea there is data you haven't provided
2. You can't get two for the price of one
3.homework help is provided on a different Board see the notice at the top of this one