Homework Answers
Taxes = EBIT * Tax Rate
Taxes = $500 million * 0.36
Taxes = $180 million
Operating Cash Flow = EBIT - Taxes + Depreciation
Operating Cash Flow = $500 million - $180 million + $195
million
Operating Cash Flow = $515 million
Free Cash Flow = Operating Cash Flow - Investment in Operating
Capital
$413 million = $515 million - Investment in Operating Capital
Investment in Operating Capital = $102 million
Investment in Operating Capital = Change in Gross Fixed Assets +
Change in Net Operating Working Capital
$102 million = ($1,815 million - $1,570 million) + (Ending Net
Operating Working Capital - $415 million)
$102 million = $245 million+ Ending Net Operating Working Capital -
$415 million
Ending Net Operating Working Capital = $272 million
Add Answer to:
newconnect.mheducation.com Chapter 5 Recent Casas Notificat. Breakout - S al i gnment Sales Monica Mas Decided...
Problem 2-33 Free Cash Flow (LG2-5) The 2021 income statement for Duffy's Pest Control shows that...
Problem 2-33 Free Cash Flow (LG2-5) The 2021 income statement for Duffy's Pest Control shows that depreciation expense was $201 million, EBIT was $512 million, and the tax rate was 30 percent. At the beginning of the year, the balance of gross fixed assets was $1,582 million and net operating working capital was $421 million. At the end of the year, gross fixed assets was $1,833 million. Duffy's free cash flow for the year was $425 million. Calculate the end-of-year...
Maggie's Skunk Removal Corp.'s 2018 income statement listed net sales of $12.5 million, gross profit of...
Maggie's Skunk Removal Corp.'s 2018 income statement listed net sales of $12.5 million, gross profit of $6.9 million, EBIT of $5.6 million, net income available to common stockholders of $3.2 million, and common stock dividends of $1.2 million. The 2018 year-end balance sheet listed total assets of $525 million and common stockholders' equity of $21 million with 2 million shares outstanding Calculate the gross profit margin. (Round your answer to 2 decimal places.) [Gross profit margin[ 5520] %! Calculate the...
Maggie's Skunk Removal Corp.'s 2018 income statement listed net sales of $12.5 million, gross profit of...
Maggie's Skunk Removal Corp.'s 2018 income statement listed net sales of $12.5 million, gross profit of $6.9 million, EBIT of $5.6 million, net income available to common stockholders of $3.2 million, and common stock dividends of $1.2 million. The 2018 year-end balance sheet listed total assets of $52.5 million and common stockholders' equity of $21 million with 2 million shares outstanding. points Calculate the gross profit margin. (Round your answer to 2 decimal places.) & 02:42:34 Gross profit margin eBook...
Last year Miami Rivet had $5 million in operating income (EBIT). Its depreciation expense was $1...
Last year Miami Rivet had $5 million in operating income (EBIT). Its depreciation expense was $1 million, its interest expense was $1 million, and its corporate tax rate was 25%. At year-end, it had $14 million in operating current assets, $3 million in accounts payable, $1 million in accruals, $2 million in notes payable, and $15 million in net plant and equipment. Assume Miami Rivet has no excess cash. Miami Rivet uses only debt and common equity to fund its...
Maggie's Skunk Removal Corp.'s 2021 income statement listed net sales of $13.5 million, gross profit of...
Maggie's Skunk Removal Corp.'s 2021 income statement listed net sales of $13.5 million, gross profit of $9.10 million, EBIT of $6.6 million, net income available to common stockholders of $4.2 million, and common stock dividends of $2.2 million. The 2021 year- end balance sheet listed total assets of $53.5 million and common stockholders' equity of $22.0 million with 2.0 million shares outstanding. Calculate the gross profit margin. (Round your answer to 2 decimal places.) Gross profit margin % Calculate the...
Maggie's Skunk Removal Corp.'s 2021 income statement listed net sales of $14.3 million, gross profit of...
Maggie's Skunk Removal Corp.'s 2021 income statement listed net sales of $14.3 million, gross profit of $9.50 million, EBIT of $74 million, net income available to common stockholders of $5.0 million, and common stock dividends of $3.0 million. The 2021 year-end balance sheet listed total assets of $54.3 million and common stockholders' equity of $22.8 million with 20 million shares outstanding Calculate the gross profit margin. (Round your answer to 2 decimal places.) Gross profit margin % Calculate the operating...
I am not sure if the above information is needed QUESTION: Miami Rivet had $12 million...
I am not sure if the above information is
needed
QUESTION: Miami Rivet had $12 million in net
plant and equipment the prior year. Its net operating working
capital has remained constant over time. What is the company’s free
cash flow (FCF) for the year that just ended? Note that capital
expenditures are equal to the change in net plant and equipment
plus the annual depreciation expense.
Last year Miami Rivet had $5 million in operating income (EBIT). Its depreciation...
Assume today is December 31, 2019. Barrington Industries expects that its 2020 after-tax operating income [EBIT(1...
Assume today is December 31, 2019. Barrington Industries expects that its 2020 after-tax operating income [EBIT(1 – T)] will be $430 million and its 2020 depreciation expense will be $65 million. Barrington's 2020 gross capital expenditures are expected to be $100 million and the change in its net operating working capital for 2020 will be $20 million. The firm's free cash flow is expected to grow at a constant rate of 5.5% annually. Assume that its free cash flow occurs...
Maggie’s Skunk Removal Corp.’s 2018 income statement listed net sales of $14.0 million, gross profit of $9.20 million, EBIT of $7.1 million, net income available to common stockholders of $4.7 million...
Maggie’s Skunk Removal Corp.’s 2018 income statement listed net sales of $14.0 million, gross profit of $9.20 million, EBIT of $7.1 million, net income available to common stockholders of $4.7 million, and common stock dividends of $2.7 million. The 2018 year-end balance sheet listed total assets of $54.0 million and common stockholders' equity of $22.5 million with 2.0 million shares outstanding. Calculate the gross profit margin. (Round your answer to 2 decimal places.) Calculate the operating profit margin. (Round your...
all answers please! You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance...
all answers please!
You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $400,000, accounts receivable = $1,200,000, inventory = $2,100,000, accrued wages and taxes = $500,000, accounts payable = $800,000, and notes payable = $600,000 Calculate Goodman Bees' net working capital (Enter your answer in dollars not in millions. Round your answer to the nearest dollar amount.) Networking capital Casello Mowing & Landscaping's year-end 2018...
Problem 2-33 Free Cash Flow (LG2-5) The 2021 income statement for Duffy's Pest Control shows that depreciation expense was $201 million, EBIT was $512 million, and the tax rate was 30 percent. At the beginning of the year, the balance of gross fixed assets was $1,582 million and net operating working capital was $421 million. At the end of the year, gross fixed assets was $1,833 million. Duffy's free cash flow for the year was $425 million. Calculate the end-of-year...
Maggie's Skunk Removal Corp.'s 2018 income statement listed net sales of $12.5 million, gross profit of $6.9 million, EBIT of $5.6 million, net income available to common stockholders of $3.2 million, and common stock dividends of $1.2 million. The 2018 year-end balance sheet listed total assets of $525 million and common stockholders' equity of $21 million with 2 million shares outstanding Calculate the gross profit margin. (Round your answer to 2 decimal places.) [Gross profit margin[ 5520] %! Calculate the...
Maggie's Skunk Removal Corp.'s 2018 income statement listed net sales of $12.5 million, gross profit of $6.9 million, EBIT of $5.6 million, net income available to common stockholders of $3.2 million, and common stock dividends of $1.2 million. The 2018 year-end balance sheet listed total assets of $52.5 million and common stockholders' equity of $21 million with 2 million shares outstanding. points Calculate the gross profit margin. (Round your answer to 2 decimal places.) & 02:42:34 Gross profit margin eBook...
Maggie's Skunk Removal Corp.'s 2021 income statement listed net sales of $13.5 million, gross profit of $9.10 million, EBIT of $6.6 million, net income available to common stockholders of $4.2 million, and common stock dividends of $2.2 million. The 2021 year- end balance sheet listed total assets of $53.5 million and common stockholders' equity of $22.0 million with 2.0 million shares outstanding. Calculate the gross profit margin. (Round your answer to 2 decimal places.) Gross profit margin % Calculate the...
Maggie's Skunk Removal Corp.'s 2021 income statement listed net sales of $14.3 million, gross profit of $9.50 million, EBIT of $74 million, net income available to common stockholders of $5.0 million, and common stock dividends of $3.0 million. The 2021 year-end balance sheet listed total assets of $54.3 million and common stockholders' equity of $22.8 million with 20 million shares outstanding Calculate the gross profit margin. (Round your answer to 2 decimal places.) Gross profit margin % Calculate the operating...
I am not sure if the above information is
needed
QUESTION: Miami Rivet had $12 million in net
plant and equipment the prior year. Its net operating working
capital has remained constant over time. What is the company’s free
cash flow (FCF) for the year that just ended? Note that capital
expenditures are equal to the change in net plant and equipment
plus the annual depreciation expense.
Last year Miami Rivet had $5 million in operating income (EBIT). Its depreciation...
all answers please!
You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $400,000, accounts receivable = $1,200,000, inventory = $2,100,000, accrued wages and taxes = $500,000, accounts payable = $800,000, and notes payable = $600,000 Calculate Goodman Bees' net working capital (Enter your answer in dollars not in millions. Round your answer to the nearest dollar amount.) Networking capital Casello Mowing & Landscaping's year-end 2018...
Most questions answered within 3 hours.
-
The marketing class at CSUS had an average score of 150. An
educational analyst determined that...
asked 37 minutes ago -
Justin Case has purchased a $250 000 home by putting 20 % down
and taking out...
asked 48 minutes ago -
1. In a labor market, marginal cost for a firm is
____________.
a. recruiting cost
b....
asked 1 hour ago -
On January 1, 2019, ABC Company issued $60,000,000 of 20-year,
10.5% bonds when the market rate...
asked 1 hour ago -
39.4% of US homes continue to use a landline in addition to cell
phone service. 3...
asked 2 hours ago -
Starting with benzene, synthesize 1-phenyl-1-butyne.
Show intermediates and reagents.
asked 3 hours ago -
Create a 32-run crossed array design with six control factors
and two noise factors such that...
asked 4 hours ago -
A 500g sample of sand from source A has the following amounts
retained on each sieve....
asked 4 hours ago -
In
your own words, please explain the essay by John Keynes wrote "The
End of Laissez...
asked 4 hours ago -
How are the matrix and pixels related? Why are smaller
pixels better for diagnostic quality?
asked 4 hours ago -
2. An AC generator has 80 rectangular loops on
its armature. Each loop is 11 cm...
asked 4 hours ago -
Please help me with this question. Consider Aldi’s current and
potential geographic markets (see Exhibit 4...
asked 4 hours ago