4. Cash Flow and Financial Statements: Use the following information for Allison Kopatich Corporation (assume the...
Q-4. (Financial Statements) Use the following information for Megan Corporation and; a) Set up the Balance Sheet for years 2017 and 2018 and Income Statement for year 2018. b) Calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders for 2018. The tax rate is 25 percent. 2017 2018 1,500 Cash Cost of goods sold 1,200 380 1,540 1,300 400 190 220 Depreciation Interest Inventory Accounts payable Fixed assets Sales Accounts receivable Notes payable Long-term...
Use the following information for Taco Swell, Inc., (assume the tax rate is 23 percent): 2017 2018 Sales $26,049 $ 19,338 Depreciation 2,566 2,674 Cost of goods sold 6,640 6,921 Other expenses 1,476 1,273 Interest 1,205 1,420 Cash 8,771 9,817 Accounts receivable 11,678 14,052 Short-term notes 1,864 1,831 payable Long-term debt 29,630 35,704 Net fixed assets 73,206 78,160 Accounts payable 6,383 7,210 Inventory 20,747 22,052 Dividends 2,929 2,504 For 2018, calculate the cash flow from assets, cash flow to creditors,...
Problem 2-25 Calculating Cash Flow Use the following information for Ingersoll, Inc., (assume the tax rate is 30 percent) 2016 2017 $20,073 $18,036 1,8311,906 4,8294,877 Sales Depreciation Cost of goods sold other expenses Interest Cash Accounts receivable Long-term debt Net fixed assets Accounts payable Inventory Dividends 1,031 8801,011 6,3226,976 8,210 9,937 20,830 25,061 51,262 58,060 5,9966, 471 14, 57215,458 For 2017, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders (Do not round intermediate...
Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent) 2017 2018 $17,049 $ 18,798 Sales Depreciation 2,386 2,494 5,740 6,741 Cost of goods sold Other expenses 1,350 1,183 1,115 1,330 8,681 9,277 Accounts receivable 11,49813,512 Interest Cash Short-term notes 1,684 1,651 payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 29,090 35,254 72,792 77,640 6,2756,670 20,441 21,872 2,0292,324 For 2018, calculate the cash flow from assets, cash flow to creditors, and cash flow...
Use the following information for Taco Swel Inc., (assume the tax rate is 21 percent) 2017 2018 Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes $17,049 18,798 2,386 2,494 6,741 1,183 1,330 8,681 9,277 13,512 5,740 1,350 1,115 11,498 ,684 1,651 payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 29,090 35,254 72,792 77,640 6,275 6,670 20,441 21,872 2,029 2,324 For 2018, calculate the cash flow from assets, cash flow to creditors, and...
Use the following Information for Taco Swell, Inc, (assume the tax rate is 21 percent 2017 2018 17049 $ 18,798 2,386 2,494 Sales Depreciation Cost of goods sold5,740 6,741 Other expenses50 1183 Interest Cash Accounts receivable 11,498 13,512 Short-term notes 5 1,330 8,681 9,277 1,684 1,651 29,090 35,254 payable Long-term debt Net fixed assets 72,792 77640 Accounts payable6,2756,670 Inventory Dividends 20,441 21,872 2,029 2,324 For 2018, calculate the cash flow from assets, cash flow to creditors, and cash flow to...
Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent) 2017 2018 $17,049 $ 18,798 2,386 2,494 Sales Depreciation Cost of goods sold 5,740 6,741 Other expenses Interest Cash Accounts receivable 11,498 13,512 Short-term notes 1,350 1183 1,115 1,330 8,681 9,277 ook rint 1,684 1,651 payable ences Long-term debt Net fixed assets Accounts payable Inventory Dividends 29,090 35,254 72,792 77,640 6,670 20,441 21,872 2,029 2,324 6,275 For 2018, calculate the cash flow from assets, cash...
Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent): 2017 2018 Sales $ 17,049 $ 18,798 Depreciation 2,386 2,494 Cost of goods sold 5,740 6,741 Other expenses 1,350 1,183 Interest 1,115 1,330 Cash 8,681 9,277 Accounts receivable 11,498 13,512 Short-term notes payable 1,684 1,651 Long-term debt 29,090 35,254 Net fixed assets 72,792 77,640 Accounts payable 6,275 6,670 Inventory 20,441 21,872 Dividends 2,029 2,324 For 2018, calculate the cash flow from assets, cash flow...
Use the following information for Ingersoll, Inc. Assume the tax rate is 24 percent. Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 2018 2019 $ 18,549 $ 18,888 2,416 2,524 5,890 6,771 1,371 1,198 1.130 1.345 8,696 9,367 11,528 13,602 1,714 1,681 29,180 35,329 72.861 77.730 6,293 6,760 20,492 21,902 2,1792,354 For 2019, calculate the cash flow from assets, cash flow to creditors, and...
Page of 2 ZOOM+ assume the fax rafe i5 34% Cash flow from assets Cash flow to creditors Cash flow to stockholders Depreciation expense Cost of goods sold Accounts receivable Short-term notes payable