Incorporation reported the following financial statements for the last two years. 2016 Income Statement Sales $...
Incorporation reported the following financial statements for the last two years.
2016 Income Statement
Sales $ 567,200
Costs of goods sold 274,005
Selling and administrative 124,729
Depreciation 54,572
EBIT $ 113,894
Interest 19,384
EBT $ 94,510
Taxes 37,804
Net income $ 56,706
Dividends $ 10,000
Addition to retained earnings $ 46,706
INC. Balance Sheet as of December 31, 2015
Cash $ 13,360
Accounts payable $ 9,500
Accounts receivable 18,990
Notes payable 14,504
inventory 13,798
Current liabilities $ 24,004
Current assets $ 46,148
Long-term debt $ 136,480
Net fixed assets $ 344,546
Owner's equity $ 230,210
Total assets $ 390,694
total liabilities and owners’ equity $ 390,694
INC. Balance Sheet as of December 31, 2016
Cash $ 14,346
Accounts payable $ 10,516
Accounts receivable 21,095
Notes payable 16,470
Inventory 22,758
Current liabilities $ 26,986
Current assets $ 58,199
Long-term debt $ 152,400
Net fixed assets $ 406,307
Owner's equity $ 285,120
Total assets $ 464,506
Total liabilities and owners’ equity $ 464,506
a. Calculate the operating cash flow.
b. Calculate the change in net working capital.
c. Calculate the net capital spending.
d. Calculate the cash flow from assets.
e. Calculate the cash flow to creditors.
f. Calculate the cash flow to stockholders.
Homework Answers
Add Answer to:
Incorporation reported the following financial statements for
the last two years.
2016 Income Statement
Sales $...
Graffiti Advertising, Inc., reported the following financial statements for the last two years. 2016 Income...
Graffiti Advertising, Inc., reported the following financial statements for the last two years. 2016 Income Statement Sales $ 567,200 Costs of goods sold 274,005 Selling and administrative 124,729 Depreciation 54,572 EBIT $ 113,894 Interest 19,384 EBT $ 94,510 Taxes 37,804 Net income $ 56,706 Dividends $ 10,000 Addition to retained earnings $ 46,706 GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2015 Cash $ 13,360 Accounts payable $ 9,500 Accounts receivable 18,990 Notes payable 14,504 Inventory 13,798 Current...
Graffiti Advertising, Inc., reported the following financial statements for the last two years 2016 Income Statement...
Graffiti Advertising, Inc., reported the following financial statements for the last two years 2016 Income Statement Sales Costs of goods sold Selling and administrative Depreciation EBIT Interest EBT Taxes Net income Dividends Addition to retained earnings $565,700 274,020 124,732 54,575 $112,373 19,318 $ 93,055 37,222 $ 55,833 $ 9,700 $ 46,133 GRAFFITI ADVERTISING, INC Balance Sheet as of December 31, 2015 Cash Accounts receivable Inventory Current assets $ 13,330 Accounts payable $ 9,503 14,507 $ 24,010 18,993 $ 46,118 S344,456...
Freeman, Inc., reported the following financial statements for the last two years. FREEMAN, INC. 2017 Income...
Freeman, Inc., reported the following financial statements for the last two years. FREEMAN, INC. 2017 Income Statement Sales $ 565,220 Cost of goods sold 274,015 Selling & administrative 124,731 Depreciation 54,574 EBIT $ 111,900 Interest 19,298 EBT $ 92,602 Taxes 48,153 Net income $ 44,449 Dividends $ 9,800 Addition to retained earnings $ 34,649 FREEMAN, INC. Balance Sheet as of December 31, 2016 Cash $ 13,340 Accounts payable $ 24,008 Accounts receivable 18,992 Inventory 13,796 Current assets $ 46,128 Long-term...
Freeman, Inc., reported the following financial statements for the last two years. FREEMAN, INC. 2017 Income...
Freeman, Inc., reported the following financial statements for the last two years. FREEMAN, INC. 2017 Income Statement Sales $ 565,320 Cost of goods sold 273,965 Selling & administrative 124,721 Depreciation 54,564 EBIT $ 112,070 Interest 19,308 EBT $ 92,762 Taxes 48,236 Net income $ 44,526 Dividends $ 10,800 Addition to retained earnings $ 33,726 FREEMAN, INC. Balance Sheet as of December 31, 2016 Cash $ 13,440 Accounts payable $ 23,988 Accounts receivable 18,982 Inventory 13,806 Current assets $ 46,228 Long-term...
Make a cash flow statement using the following information below. 2017 Income Statement Sales 989 100...
Make a cash flow statement using the following information
below.
2017 Income Statement Sales 989 100 479 500 Cost of goods sold Selling and administrative 218 300 Depreciation 95 500 EBIT 195 800 Interest 33 760 EBT 162 040 Taxes 84 200 Net Income 77 840 Dividends 16 800 Additions to retained earnings 61 040 Cash $ 9 500 Accounts receivable Eumeralla Ltd Balance Sheet as at 30 June 2016 $ 13 300 Accounts payable 18 900 Notes payable 13...
15 and 16 PART 2 Understanding Financial Statements and Cash Flow 2016 BETHESDA MINING COMPANY Balance...
15 and 16
PART 2 Understanding Financial Statements and Cash Flow 2016 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 Assets Liabilities and Owners' Equity Current assets Cash Current liabilities $ 19,256 $ 21,946 Accounts receivable Accounts payable $171,531 46,396 54,486 Inventory Notes payable 79,218 109,626 129.253 Total $250.749 Total $175,278 $205,685 Long-term debt $255,000 Owners' equity Common stock and paid-in surplus $160,000 Fixed assets Accumulated retained earnings 214,915 Net plant and equipment...
Use the financial statements of a company to answer the 4 questions that follow it. When...
Use the financial statements of a company to answer the 4 questions that follow it. When answering the questions (filling in the blanks), DO NOT use dollar signs, USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign in front of first digit for negative numbers. Round to the nearest dollar. For example, if you obtain $200,436.75 then enter in the box: 200,437 Income Statement year ending 2016 Sales Revenues $90,000 Cost of...
Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales...
Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales Costs $47,200 35,200 Taxable income Taxes (23%) $ 12,000 2,760 Net income 9,240 Dividends Addition to retained $2,502 6,738 earnings The balance sheet for the Heir Jordan Corporation follows. HEIR JORDAN CORPORATION Balance Sheet Assets Liabilities and Owners' Equity Current assets Current liabilities Cash Accounts receivable 4,400 Notes payable S 3100 Accounts payable 2,400 4.200 6,600 $25,000 Inventory 6,400 Total Total $ 13,900 Long-term...
Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales...
Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales $ 46,500 Costs 36,100 Taxable income $ 10,400 Taxes (30%) 3,120 Net income $ 7,280 Dividends $ 3,100 Addition to retained earnings 4,180 The balance sheet for the Heir Jordan Corporation follows. HEIR JORDAN CORPORATION Balance Sheet Assets Liabilities and Owners’ Equity Current assets Current liabilities Cash $ 2,600 Accounts payable $ 2,400 Accounts receivable 3,700 Notes payable 5,200 Inventory 9,000 Total $ 7,600...
Use the financial statements of a company to answer the 4 questions that follow it. When...
Use the financial statements of a company to answer the 4 questions that follow it. When answering the questions (filling in the blanks), DO NOT use dollar signs, USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign in front of first digit for negative numbers. Round to the nearest dollar. For example, if you obtain $200,436.75 then enter in the box: 200,437 Income Statement year ending 2016 Sales Revenues Cost of goods...
Graffiti Advertising, Inc., reported the following financial statements for the last two years 2016 Income Statement Sales Costs of goods sold Selling and administrative Depreciation EBIT Interest EBT Taxes Net income Dividends Addition to retained earnings $565,700 274,020 124,732 54,575 $112,373 19,318 $ 93,055 37,222 $ 55,833 $ 9,700 $ 46,133 GRAFFITI ADVERTISING, INC Balance Sheet as of December 31, 2015 Cash Accounts receivable Inventory Current assets $ 13,330 Accounts payable $ 9,503 14,507 $ 24,010 18,993 $ 46,118 S344,456...
Make a cash flow statement using the following information
below.
2017 Income Statement Sales 989 100 479 500 Cost of goods sold Selling and administrative 218 300 Depreciation 95 500 EBIT 195 800 Interest 33 760 EBT 162 040 Taxes 84 200 Net Income 77 840 Dividends 16 800 Additions to retained earnings 61 040 Cash $ 9 500 Accounts receivable Eumeralla Ltd Balance Sheet as at 30 June 2016 $ 13 300 Accounts payable 18 900 Notes payable 13...
15 and 16
PART 2 Understanding Financial Statements and Cash Flow 2016 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 Assets Liabilities and Owners' Equity Current assets Cash Current liabilities $ 19,256 $ 21,946 Accounts receivable Accounts payable $171,531 46,396 54,486 Inventory Notes payable 79,218 109,626 129.253 Total $250.749 Total $175,278 $205,685 Long-term debt $255,000 Owners' equity Common stock and paid-in surplus $160,000 Fixed assets Accumulated retained earnings 214,915 Net plant and equipment...
Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales Costs $47,200 35,200 Taxable income Taxes (23%) $ 12,000 2,760 Net income 9,240 Dividends Addition to retained $2,502 6,738 earnings The balance sheet for the Heir Jordan Corporation follows. HEIR JORDAN CORPORATION Balance Sheet Assets Liabilities and Owners' Equity Current assets Current liabilities Cash Accounts receivable 4,400 Notes payable S 3100 Accounts payable 2,400 4.200 6,600 $25,000 Inventory 6,400 Total Total $ 13,900 Long-term...
Use the financial statements of a company to answer the 4 questions that follow it. When answering the questions (filling in the blanks), DO NOT use dollar signs, USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign in front of first digit for negative numbers. Round to the nearest dollar. For example, if you obtain $200,436.75 then enter in the box: 200,437 Income Statement year ending 2016 Sales Revenues Cost of goods...
Most questions answered within 3 hours.
-
The diagram below shows a meter shunted by a parallel resistance
Rs. The maximum value for...
asked 2 minutes ago -
Explain some of the pros and cons of converting a C Corporation
into an S Corp?...
asked 2 minutes ago -
Be sure to answer all parts. A solution contains 0.107 mol of
NaCl dissolved in 9.35...
asked 2 minutes ago -
1. An 25.96 g sample of aluminum is placed on a 45.15 g sample
of copper...
asked 11 minutes ago -
Calculate the mass of p-dichlorobenzene (mm=147.00 g/mol) that
when dissolved in 125 ml cyclohexane (d=0.779 g/mol,...
asked 19 minutes ago -
An infinitely long solid conducting cylindrical shell of radius
a = 3.8 cm and negligible thickness...
asked 18 minutes ago -
A defibrillator is used during a heart attack to restore the
heart to its normal beating...
asked 23 minutes ago -
Describe how humans have affected the numerous pathways and
reservoirs in the carbon cycle that have...
asked 25 minutes ago -
Which of the following statements is true of a distribution
rollover (not a trustee-to-trustee transfer) from...
asked 27 minutes ago -
Matching: What are 4 fundamental activities in software
processes?
definition of the software function and operational...
asked 33 minutes ago -
University Printers has two service departments (Maintenance and
Personnel) and two operating departments (Printing and Developing)....
asked 48 minutes ago -
This journal deals with globalization and its economic effects.
US firms have almost no restrictions on...
asked 47 minutes ago