Homework Answers
Answer:
a)
| Increase in accounts payable | $260 | =3416-3156 |
| Increase in accounts receivable | $(40) | =-1388+1348 |
| Increase in Inventories | $(5) | =-135+130 |
| Increase in other current assets | $(473) | =-1102+629 |
| Additional to net working capital | $(258) | |
| Net Income | $5234 | |
| Add: Interest | $530 | |
| Add: Depreciation | $1415 | |
| Less: Addtions to net working capital | $258 | |
| Cash flow from operations | $6921 | |
| Capital expenditures | $3062 | |
| Free cash flow | $3859 |
b)
| Additional tax | $111.3 | =530*21% |
c)
| Increase in accounts payable | $260 |
| Increase in accounts receivable | $(40) |
| Increase in Inventories | $(5) |
| Increase in other current assets | $(473) |
| Additional to net working capital | $(258) |
| Net Income | $5653 |
| Add: Depreciation | $1415 |
| Less: Addtions to net working capital | $258 |
| Cash flow from operations | $6810 |
| Capital expenditures | $3062 |
| Free cash flow | $3748 |
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The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for...
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for...
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019. INCOME STATEMENT OF QUICK BURGER CORP., 2019 (Figures in $ millions) $ 27,573 Net sales Costs 17,575 Depreciation Earnings before interest and taxes (EBIT) 1,408 $ 8,590 Interest expense 523 8,067 2,823 Pretax income Federal plus other taxes $ 5,244 Net income BALANCE SHEET OF QUICK BURGER CORP., 2019 (Figures in $ millions) Liabilities and Shareholders' Equity 2019 Assets 2019 2018 2018 Current...
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for...
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2016 INCOME STATEMENT OF QUICK BURGER CORP., 2016 (Figures in $ millions) Net sales $ 27,567 Costs 17,569 Depreciation 1,402 Earnings before interest and taxes (EBIT) $ 8,596 Interest expense 517 Pretax income 8,079 Taxes 2,827.65 Net income $5,251.35 2016 2015 3,403 367 3,143 3,510 BALANCE SHEET OF QUICK BURGER CORP., 2016 (Figures in $ millions) 2016 2015 Liabilities and Shareholders' Equity Current liabilities...
Please help: The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019
In 2019 Quick Burger had capital expenditures of $3,052. a. Calculate Quick Burger’s free cash flow in 2019. (Enter your answer in millions.)b. If Quick Burger was financed entirely by equity, how much more tax would the company have paid? (Assume a tax rate of 21%.) (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)c. What would the company’s free cash flow have been if it was all-equity financed? (Enter your answer in millions.)
pleasz i need assitance with questions below. The following table shows an abbreviated income statement and...
pleasz i need assitance with questions below.
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2016 INCOME STATEMENT OF QUICK BURGER CORP., 2016 (Figures in $ millions) Net sales $27,571 17,573 Costs Depreciation Earnings before interest and taxes (EBIT) $8,592 Interest expense 1,406 521 Pretax income 8,071 2,825 $5,246 Тахes Net income BALANCE SHEET OF QUICK BURGER CORP., 2016 (Figures in $ millions) Assets 2016 2015 Liabilities and Shareholders' Equity Current liabilities...
please i need correcr answers to A and C. The following table shows an abbreviated income...
please i need correcr answers to A and C.
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2016 INCOME STATEMENT OF QUICK BURGER CORP. , 2016 (Figures in $ millions) Net sales $27,571 17,573 1,406 Earnings before interest and taxes (EBIT) $8,592 Costs Depreciation Interest expense 521 Pretax income 8,071 2,825 $5,246 Тахes Net income BALANCE SHEET OF QUICK BURGER CORP., 2016 (Figures in $ millions) 2015 Assets 2016 Liabilities and Shareholders'...
gives abbreviated balance sheets and income statements for Walmart. Calculate the following using balance-sheet figures from...
gives abbreviated balance sheets and income statements for
Walmart. Calculate the following using balance-sheet figures from
the start of the year.
a) Return on assets. The tax rate is 34.5%
b) ROE
c) Assets turnover
d) Inventory turnover and average days in Inventory
e) Total Debt to Equity ratio.
f) Current ratio.
g) Quick ratio
Table 28.8 Balance sheets and income statement for Walmart, fiscal 2017 and 2016 (figures in $ millions) Fiscal 2017 Fiscal 2016 Balance Sheet Assets Current...
The following table gives abbreviated balance sheets and income statements for Walmart. At the end of...
The following table gives abbreviated balance sheets and income statements for Walmart. At the end of fiscal 2017, Walmart had 2,970 million shares outstanding with a share price of $110. The company's weighted average cost of capital was about 5%. Assume a tax rate of 35%. Start of Year $ 6,887 43,066 1,961 $ 57, 769 Balance Sheet (figures in $ millions) End of Year Assets Current assets: Cash and marketable securities $ 6,776 Accounts receivable 5,634 Inventories 43,803 Other...
Refer to the January 29, 2016, income statement and balance sheet of Lowe's Companies Inc. below....
Refer to the January 29, 2016, income statement and balance sheet of Lowe's Companies Inc. below. LOWE'S COMPANIES INC. Income Statement (In millions) For Fiscal Year Ended January 29, 2016 Net sales.............................................. Cost of sales.................................. ... Gross margin ....................................... Selling, general and administrative Depreciation.. tion......................................... Interest-net........................................ Total expenses... Pretax earnings Income tax provision ... Net earnings $59,074 38,504 20,570 14,115 1,484 552 16.151 4,419 1,873 $ 2,546 Required: Compute the following liquidity, solvency, and coverage ratios for Lowe's Companies. Interpret...
Compute and Interpret Liquidity, Solvency and Coverage Ratios Information from the balance sheet, income statement, and...
Compute and Interpret Liquidity, Solvency and Coverage Ratios Information from the balance sheet, income statement, and statement of cash flows for Nike follows. Refer to these financial statements to answer the requirements. NIKE, INC. Consolidated Statements of Income Year Ended December 31 (In millions) 2019 2018 Revenues $39,117 $36,397 Cost of sales 21,643 20,441 Gross profit 17,474 15,956 Demand creation expense 3,753 3,577 Operating overhead expense 8,949 7,934 Total selling and administrative expense 12,702 11,511 Interest expense (income), net 49...
Forecast Income Statement and Balance Sheet Following are the income statement and balance sheet for Medtronic...
Forecast Income Statement and Balance Sheet Following are the income statement and balance sheet for Medtronic PLC. April 26, 2019 $30,557 9,155 2,330 10,418 1,764 Consolidated Statement of Income, 12 Months Ended ($ millions) Net Sales Costs and expenses Cost of products sold Research and development expense Selling, general, and administrative expense Amortization of intangible assets Restructuring charges, net Certain litigation charges Other operating expense, net Operating profit Other nonoperating income, net Interest expense Income before income taxes Income tax...
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019. INCOME STATEMENT OF QUICK BURGER CORP., 2019 (Figures in $ millions) $ 27,573 Net sales Costs 17,575 Depreciation Earnings before interest and taxes (EBIT) 1,408 $ 8,590 Interest expense 523 8,067 2,823 Pretax income Federal plus other taxes $ 5,244 Net income BALANCE SHEET OF QUICK BURGER CORP., 2019 (Figures in $ millions) Liabilities and Shareholders' Equity 2019 Assets 2019 2018 2018 Current...
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2016 INCOME STATEMENT OF QUICK BURGER CORP., 2016 (Figures in $ millions) Net sales $ 27,567 Costs 17,569 Depreciation 1,402 Earnings before interest and taxes (EBIT) $ 8,596 Interest expense 517 Pretax income 8,079 Taxes 2,827.65 Net income $5,251.35 2016 2015 3,403 367 3,143 3,510 BALANCE SHEET OF QUICK BURGER CORP., 2016 (Figures in $ millions) 2016 2015 Liabilities and Shareholders' Equity Current liabilities...
pleasz i need assitance with questions below.
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2016 INCOME STATEMENT OF QUICK BURGER CORP., 2016 (Figures in $ millions) Net sales $27,571 17,573 Costs Depreciation Earnings before interest and taxes (EBIT) $8,592 Interest expense 1,406 521 Pretax income 8,071 2,825 $5,246 Тахes Net income BALANCE SHEET OF QUICK BURGER CORP., 2016 (Figures in $ millions) Assets 2016 2015 Liabilities and Shareholders' Equity Current liabilities...
please i need correcr answers to A and C.
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2016 INCOME STATEMENT OF QUICK BURGER CORP. , 2016 (Figures in $ millions) Net sales $27,571 17,573 1,406 Earnings before interest and taxes (EBIT) $8,592 Costs Depreciation Interest expense 521 Pretax income 8,071 2,825 $5,246 Тахes Net income BALANCE SHEET OF QUICK BURGER CORP., 2016 (Figures in $ millions) 2015 Assets 2016 Liabilities and Shareholders'...
gives abbreviated balance sheets and income statements for
Walmart. Calculate the following using balance-sheet figures from
the start of the year.
a) Return on assets. The tax rate is 34.5%
b) ROE
c) Assets turnover
d) Inventory turnover and average days in Inventory
e) Total Debt to Equity ratio.
f) Current ratio.
g) Quick ratio
Table 28.8 Balance sheets and income statement for Walmart, fiscal 2017 and 2016 (figures in $ millions) Fiscal 2017 Fiscal 2016 Balance Sheet Assets Current...
The following table gives abbreviated balance sheets and income statements for Walmart. At the end of fiscal 2017, Walmart had 2,970 million shares outstanding with a share price of $110. The company's weighted average cost of capital was about 5%. Assume a tax rate of 35%. Start of Year $ 6,887 43,066 1,961 $ 57, 769 Balance Sheet (figures in $ millions) End of Year Assets Current assets: Cash and marketable securities $ 6,776 Accounts receivable 5,634 Inventories 43,803 Other...
Refer to the January 29, 2016, income statement and balance sheet of Lowe's Companies Inc. below. LOWE'S COMPANIES INC. Income Statement (In millions) For Fiscal Year Ended January 29, 2016 Net sales.............................................. Cost of sales.................................. ... Gross margin ....................................... Selling, general and administrative Depreciation.. tion......................................... Interest-net........................................ Total expenses... Pretax earnings Income tax provision ... Net earnings $59,074 38,504 20,570 14,115 1,484 552 16.151 4,419 1,873 $ 2,546 Required: Compute the following liquidity, solvency, and coverage ratios for Lowe's Companies. Interpret...
Compute and Interpret Liquidity, Solvency and Coverage Ratios Information from the balance sheet, income statement, and statement of cash flows for Nike follows. Refer to these financial statements to answer the requirements. NIKE, INC. Consolidated Statements of Income Year Ended December 31 (In millions) 2019 2018 Revenues $39,117 $36,397 Cost of sales 21,643 20,441 Gross profit 17,474 15,956 Demand creation expense 3,753 3,577 Operating overhead expense 8,949 7,934 Total selling and administrative expense 12,702 11,511 Interest expense (income), net 49...
Forecast Income Statement and Balance Sheet Following are the income statement and balance sheet for Medtronic PLC. April 26, 2019 $30,557 9,155 2,330 10,418 1,764 Consolidated Statement of Income, 12 Months Ended ($ millions) Net Sales Costs and expenses Cost of products sold Research and development expense Selling, general, and administrative expense Amortization of intangible assets Restructuring charges, net Certain litigation charges Other operating expense, net Operating profit Other nonoperating income, net Interest expense Income before income taxes Income tax...
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Attribute
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Sample Value
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Sample Value
pirate_num
11
22
43
54
pirate_lname
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