FY2018 FY2017 FY2018
Sales 3472 net fixed assets 19980 24538
less cost of good sold -24408 current assets 7082 8708
depriciation - 6037 current liabilities 4016 4709
intrest -2730 working capital 3066 3999
pbt 1547 working capital = current assets - current liabilities
tax 0.21*1547 =309..40
Q a) net income 1547 - 309.40= 1237.60
dividends 2032
Q B) operating cash flow = net income +depriciation+increase in working capital
operating cash flow = 1237..60+ 6037( 3999- 3066)
= 6341
Q C) Cash flow from assets = capex = --(increased in net fixed assets+ depriciation)
cash flow from assets = --10595
Q D) Cash flow to share holders = operating cf -capex + net debt issued
cash flow to shareholders = 6341 + (-10595)
= 4254
=
Cardinal Industries had the following operating results for 2018: Sales $34,722; Cost of goods sold $24,408;...
Cardinal Industries had the following operating results for 2018: Sales $34,722; Cost of goods sold $24,408; Depreciation expense $6,037; Interest expense $2,730; Dividends paid $2,032. At the beginning of the year, net fixed assets were $19,980 current assets were $7,082, and current liabilities were $4,016. At the end of the year, net fixed assets were $24,538, current assets were $8,708, and current liabilities were $4,709. The tax rate for 2018 was 21 percent. a. What is net income for 2018?...
Cardinal Industries had the following operating results for 2018: Sales $34,722; Cost of goods sold $24,408; Depreciation expense $6,037; Interest expense $2,730; Dividends paid $2,032. At the beginning of the year, net fixed assets were $19,980 current assets were $7,082, and current liabilities were $4,016. At the end of the year, net fixed assets were $24,538, current assets were $8,708, and current liabilities were $4,709. The tax rate for 2018 was 21 percent. a. What is net income for 2018?...
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Cardinal Industries had the following operating results for 2018: Sales = $34,015; Cost of goods sold = $24,065; Depreciation expense = $5,967; Interest expense = $2,695; Dividends paid = $1,969. At the beginning of the year, net fixed assets were $19,910, current assets were $7,033, and current liabilities were $3,974. At the end of the year, net fixed assets were $24,475, current assets were $8,666, and current liabilities were $4,646. The tax rate for 2018 was 24 percent. a....
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