Cusic Industries had the following operating results for 2015: sales = $30,180; cost of goods sold = $19,860; depreciation expense = $5,340; interest expense = $2,790; dividends paid = $1,550. At the beginning of the year, net fixed assets were $17,210, current assets were $5,880, and current liabilities were $3,375. At the end of the year, net fixed assets were $20,760, current assets were $7,600, and current liabilities were $4,000. The tax rate for 2015 was 30 percent. What was the cash flow from assets for 2015? If no new debt was issued during the year, what was the cash flow to creditors? If no new debt was issued during the year, what was the cash flow to stockholders?
Cusic Industries had the following operating results for 2015: sales = $30,180; cost of goods sold...
Cusic Industries had the following operating results for 2015: sales $29,500; cost of goods sold $19,760; depreciation expense = $5,260; interest expense = $2,640, dividends paid-$1,450. At the beginning of the year, net fixed assets were $17,080, current assets were $5,860, and current liabilities were $3,325. At the end of the year, net fixed assets were $20,660, current assets were $7,300, and current liabilities were $3,980. The tax rate for 2015 was 35 percent. a. What was net income for...
Quarles Industries had the following operating results for 2015: sales = $28,860; cost of goods sold = $19,510; depreciation expense = $5,060; interest expense = $2,340; dividends paid = $1,200. At the beginning of the year, net fixed assets were $17,130, current assets were $5,810, and current liabilities were $3,320. At the end of the year, net fixed assets were $20,410, current assets were $7,360, and current liabilities were $3,930. The tax rate for 2015 was 34 percent. a....
Zigs Industries had the following operating results for 2015: sales = $29745; cost of goods sold = $17629; depreciation expense = $4275; interest expense = $2081; dividends paid = $1735. At the beginning of the year, net fixed assets were $19404, current assets were $5772, and current liabilities were $3939. At the end of the year, net fixed assets were $20104, current assets were $7619, and current liabilities were $3521. The tax rate for 2015 was 32 percent. If no...
Cusic Industries had the following operating results for last year; sales = $25,700; cost of goods sold = $18,400; depreciation expense = $3,450; interest expense = $790. At the beginning of last year, net fixed assets were $19,280, current assets were $5,100, and current liabilities were $3,400. At the end of last year, net fixed assets were $21,650, current assets were $5,830 and current liabilities were $3,580. The tax rate for last year was 40%. Assume there is no short...
Cusic Industries had the following operating results for last year; sales = $25,700; cost of goods sold = $18,400; depreciation expense = $3,450; interest expense = $790. At the beginning of last year, net fixed assets were $19,280, current assets were $5,100, and current liabilities were $3,400. At the end of last year, net fixed assets were $21,650, current assets were $5,830 and current liabilities were $3,580. The tax rate for last year was 40%. Assume there is no short...
Quarles Industries had the following operating results for 2015: sales = $30,660; cost of goods sold = $20,260; depreciation expense = $5,660; interest expense = $3,090; dividends paid = $1,950. At the beginning of the year, net fixed assets were $17,480, current assets were $5,960, and current liabilities were $3,575. At the end of the year, net fixed assets were $21,160, current assets were $7,180, and current liabilities were $4,100. The tax rate for 2015 was 30 percent. a....
Zigs Industries had the following operating results for 2015: sales = $25638; cost of goods sold = $16799; depreciation expense = $4082; interest expense = $2042; dividends paid = $1581. At the beginning of the year, net fixed assets were $19136, current assets were $5395, and current liabilities were $3497. At the end of the year, net fixed assets were $20159, current assets were $7182, and current liabilities were $3648. The tax rate for 2015 was 33 percent. What is...
Zigs Industries had the following operating results for 2015: sales = $28312; cost of goods sold = $17572; depreciation expense = $4574; interest expense = $2352; dividends paid = $1752. At the beginning of the year, net fixed assets were $19629, current assets were $5237, and current liabilities were $3824. At the end of the year, net fixed assets were $20667, current assets were $7483, and current liabilities were $3572. The tax rate for 2015 was 35 percent. What is...
Zigs Industries had the following operating results for 2015: sales = $27771; cost of goods sold = $16963; depreciation expense = $4324; interest expense = $2068; dividends paid = $1788. At the beginning of the year, net fixed assets were $15810, current assets were $5248, and current liabilities were $3969. At the end of the year, net fixed assets were $20724, current assets were $7634, and current liabilities were $3580. The tax rate for 2015 was 34 percent. What is...
Cardinal Industries had the following operating results for 2018: Sales = $34,116; Cost of goods sold = $24,114; Depreciation expense = $5,977; Interest expense = $2,700; Dividends paid = $1,978. At the beginning of the year, net fixed assets were $19,920, current assets were $7,040, and current liabilities were $3,980. At the end of the year, net fixed assets were $24,484, current assets were $8,672, and current liabilities were $4,655. The tax rate for 2018 was 25 percent. a. What...