Homework Answers
(a) Free cash flow = Net cash provided by operating activities - Net capital expenditures
Reitmans = $34,770 - $33,291 = $1,479
Le Chateau = $(14,161) - $9,115 = $(23,276)
Reitmans has better free cash flow
Why because it has positive balance in the net cash provided by operating activities after capital expenditures.
(b) No.
Why because the overall cash flow also consists the investing activities section and the balance in the investing activities section can make the overall cash flow positive.
Add Answer to:
P13-8A Selected information in thousands) for Reitmans (Canada) Limited and Le Château Inc. for fiscal 2015...
Question 6 Selected financial data for a recent year for two clothing competitors, Le Château Inc....
Question 6 Selected financial data for a recent year for two clothing competitors, Le Château Inc. and Reitmans (Canada) Limited, are presented here (in thousands, except share price): Le Château Reitmans Current assets $116,724 $319,362 Total assets 168,490 542,083 Current liabilities 36,038 121,172 Total liabilities 108,136 160,915 Loss to common shareholders (35,745) (24,703) Share price $0.27 $3.96 Weighted average number of common shares 29,964 64,079 For each company, calculate the following values and ratios. Where available, industry averages are included...
Question 6 Selected financial data for a recent year for two clothing competitors, Le Château Inc....
Question 6 Selected financial data for a recent year for two clothing competitors, Le Château Inc. and Reitmans (Canada) Limited, are presented here (in thousands, except share price): Le Château Reitmans Current assets $116,724 $319,362 Total assets 168,490 542,083 Current liabilities 36,038 121,172 Total liabilities 108,136 160,915 Loss to common shareholders (35,745) (24,703) Share price $0.27 $3.96 Weighted average number of common shares 29,964 64,079 For each company, calculate the following values and ratios. Where available, industry averages are included...
cab some one answer this question ASAP? Interpreting Financial Statements BYP17.2 Andrew Peller Limited is a...
cab some one answer this question ASAP?
Interpreting Financial Statements BYP17.2 Andrew Peller Limited is a leading producer and marketer of wines in Canada, with wineries in British Columbia, Ontario, and a Nova Scotia. The company's March 31, 2017, balance sheet reported current assets of $160.5 million and current liabilities of $81.7 million, including bank indebtedness (negative cash balance) of $36.6 million. Andrew Peller Limited reported a profit for fiscal 2017 of $26.4 million. The company reported on its cash...
Number 8A please. Can i also get explanantion as well? thank you 20142 ment of stockholders'...
Number 8A please. Can i also get explanantion as well? thank
you
20142 ment of stockholders' equity for Maxx Company for the year ended December 31, 2016. You deter . mine the following balances: Common stock at December 31, 2015 Retained earnings at December 31, 2015 Net income during 2016.. Dividends during 2016. Issuance of common stock during 2016 $8,000 7,500 4,500 750 600 Required Prepare a statement of stockholders' equity for Maxx Company for 2016. 1-8A) Return on Sales...
Cash Flows from Operating Activities-Indirect Method Selected data (in thousands) derived from the income statement and...
Cash Flows from Operating Activities-Indirect Method Selected data (in thousands) derived from the income statement and balance sheet of National Beverage Corp. for a recent year are as follows: Income statement data: Net income $49,335 Gain on disposal of property 1,170 Depreciation expense 11,615 Other items involving noncash expenses 1,400 Balance sheet data: Increase in accounts receivable 1,750 Decrease in inventory 1,025 Increase in prepaid expenses 560 Decrease in accounts payable 695 Decrease in accrued and other current liabilities 955...
Blossom Company reported the following selected information at March 31 Total current assets Total assets Total...
Blossom Company reported the following selected information at March 31 Total current assets Total assets Total current liabilities Total liabilities Net cash provided by operating activities 2017 $252,500 431,500 284,500 374,000 62,100 Calculate the current ratio, the debt to assets ratio, and free cash flow for March 31, 2017. The company paid dividends of $11,000 and spent $24,500 on capital expenditures. (Round current ratio and debt to assets ratio to 2 decimal places, e.g. 15.25. If answer is negative enter...
Your answer is partially correct. Blossom Company reported the following selected information at March 31. 2017 Tot...
Your answer is partially correct. Blossom Company reported the following selected information at March 31. 2017 Total current assets $220,875 Total assets 439,500 Total current liabilities 294,500 Total liabilities 355,995 Net cash provided by operating activities 64,000 Calculate the current ratio, the debt to assets ratio, and free cash flow for March 31, 2017. The company paid dividends of $11,800 and spent $24,400 on capital expenditures. (Round current ratio and debt to assets ratio to 2 decimal places, eg. 15.25....
Ivanhoe Company reported the following selected information at March 31. Total current assets Total assets Total...
Ivanhoe Company reported the following selected information at March 31. Total current assets Total assets Total current liabilities Total liabilities Net cash provided by operating activities 2022 $217.930 439,500 294,500 383.244 64,300 Calculate the current ratio, the debt to assets ratio, and free cash flow for March 31, 2022. The company paid dividends of $10.800 and spent $24,100 on capital expenditures. (Round current ratio and debt to assets ratio to 2 decimal places, es 15.25. answer is negative enter it...
P13-5A ONLY Ratio Situation 1. 18.000 shares of common stock were Return on common stockholders sold...
P13-5A ONLY
Ratio Situation 1. 18.000 shares of common stock were Return on common stockholders sold at par on July 1, 2015 equity 2. All of the notes payable were paid in 2015. Debt to assets ratio 3. The market price of common stock was $9 Price-carnings to and $12 on December 31, 2014 and 2015 respectively P13-5A Suppose selected financial data of Target and Wal-Mart for 2014 are presented here in millions). Target Wal-Mart Corporation Stores, Inc. Income Statement...
Vaughn Manufacturing reported the following selected information at March 31. Total current assets Total assets Total...
Vaughn Manufacturing reported the following selected information at March 31. Total current assets Total assets Total current liabilities Total liabilities Net cash provided by operating activities 2017 $232,500 435,500 288,500 374,500 64,900 Calculate the current ratio, the debt to assets ratio, and free cash flow for March 31, 2017. The company paid dividends of $11,000 and spent $25,000 on capital expenditures. (Round current ratio and debt to assets ratio to 2 decimal places, e.g. 15.25. If answer is negative enter...
cab some one answer this question ASAP?
Interpreting Financial Statements BYP17.2 Andrew Peller Limited is a leading producer and marketer of wines in Canada, with wineries in British Columbia, Ontario, and a Nova Scotia. The company's March 31, 2017, balance sheet reported current assets of $160.5 million and current liabilities of $81.7 million, including bank indebtedness (negative cash balance) of $36.6 million. Andrew Peller Limited reported a profit for fiscal 2017 of $26.4 million. The company reported on its cash...
Number 8A please. Can i also get explanantion as well? thank
you
20142 ment of stockholders' equity for Maxx Company for the year ended December 31, 2016. You deter . mine the following balances: Common stock at December 31, 2015 Retained earnings at December 31, 2015 Net income during 2016.. Dividends during 2016. Issuance of common stock during 2016 $8,000 7,500 4,500 750 600 Required Prepare a statement of stockholders' equity for Maxx Company for 2016. 1-8A) Return on Sales...
Cash Flows from Operating Activities-Indirect Method Selected data (in thousands) derived from the income statement and balance sheet of National Beverage Corp. for a recent year are as follows: Income statement data: Net income $49,335 Gain on disposal of property 1,170 Depreciation expense 11,615 Other items involving noncash expenses 1,400 Balance sheet data: Increase in accounts receivable 1,750 Decrease in inventory 1,025 Increase in prepaid expenses 560 Decrease in accounts payable 695 Decrease in accrued and other current liabilities 955...
Blossom Company reported the following selected information at March 31 Total current assets Total assets Total current liabilities Total liabilities Net cash provided by operating activities 2017 $252,500 431,500 284,500 374,000 62,100 Calculate the current ratio, the debt to assets ratio, and free cash flow for March 31, 2017. The company paid dividends of $11,000 and spent $24,500 on capital expenditures. (Round current ratio and debt to assets ratio to 2 decimal places, e.g. 15.25. If answer is negative enter...
Your answer is partially correct. Blossom Company reported the following selected information at March 31. 2017 Total current assets $220,875 Total assets 439,500 Total current liabilities 294,500 Total liabilities 355,995 Net cash provided by operating activities 64,000 Calculate the current ratio, the debt to assets ratio, and free cash flow for March 31, 2017. The company paid dividends of $11,800 and spent $24,400 on capital expenditures. (Round current ratio and debt to assets ratio to 2 decimal places, eg. 15.25....
Ivanhoe Company reported the following selected information at March 31. Total current assets Total assets Total current liabilities Total liabilities Net cash provided by operating activities 2022 $217.930 439,500 294,500 383.244 64,300 Calculate the current ratio, the debt to assets ratio, and free cash flow for March 31, 2022. The company paid dividends of $10.800 and spent $24,100 on capital expenditures. (Round current ratio and debt to assets ratio to 2 decimal places, es 15.25. answer is negative enter it...
P13-5A ONLY
Ratio Situation 1. 18.000 shares of common stock were Return on common stockholders sold at par on July 1, 2015 equity 2. All of the notes payable were paid in 2015. Debt to assets ratio 3. The market price of common stock was $9 Price-carnings to and $12 on December 31, 2014 and 2015 respectively P13-5A Suppose selected financial data of Target and Wal-Mart for 2014 are presented here in millions). Target Wal-Mart Corporation Stores, Inc. Income Statement...
Vaughn Manufacturing reported the following selected information at March 31. Total current assets Total assets Total current liabilities Total liabilities Net cash provided by operating activities 2017 $232,500 435,500 288,500 374,500 64,900 Calculate the current ratio, the debt to assets ratio, and free cash flow for March 31, 2017. The company paid dividends of $11,000 and spent $25,000 on capital expenditures. (Round current ratio and debt to assets ratio to 2 decimal places, e.g. 15.25. If answer is negative enter...
Most questions answered within 3 hours.
-
Calculate the wavelength of light (in nanometers) emitted from a
hydrogen atom if the electron is...
asked 5 minutes ago -
Please answer in Python 3! 16.2** (Maximum increasingly ordered
subsequence) Write a program that prompts the...
asked 9 minutes ago -
Energy is carried by which of the following waves?
(Select all that apply)
a) light wave...
asked 9 minutes ago -
(Part 1) An investor wants to have $1,000,000 when she retires
in 20 years. If she...
asked 10 minutes ago -
ESP8266/Arduino UNO and temperature sensor MCP9700A.
Temperature sensor gives incorrect temperature readings in
celsius.
Both ESP8266...
asked 11 minutes ago -
1. Why has Dunkin’ Donuts increased its focus on
coffee?
2. Describe the strategy that Dunkin’...
asked 20 minutes ago -
two lady bugs sit on a rotating disk without slipping. lady bug
1 is half away...
asked 24 minutes ago -
Core Concepts of Accounting Information Systems
Discussion Question #4
Does a company have the right to...
asked 29 minutes ago -
Why does the Solow model cannot explain growth in the long run?
What is the role...
asked 32 minutes ago -
Question 8 Interactive LearningWare 26.2 offers a review of the
concepts that play roles in this...
asked 36 minutes ago -
draw product of cyclohex-2-en-1-one, Sodium methoxide and
hydronium workup
asked 45 minutes ago -
In a certain state, about 65% of drivers who are arrested for
driving while intoxicated (DWI)...
asked 45 minutes ago