Sales revenue 350,200
Cost of goods sold 141,900
Fixed costs 43,000
Selling, general, and administrative expenses
27,800
Depreciation 46,200
ASSETS
LIABILITIES
Cash 16,200 Notes payable
14,000
Accounts receivable 28,000 Accounts
payable 18,900
Inventories 48,100 Long-term
debt 190,100
Fixed assets 367,900 OWNERS'
EQUITY
Accumulated depreciation 140,300 Retained
earnings
Intangible assets 81,900 Common
stock 131,900
ASSETS
LIABILITIES
Cash 25,900 Notes payable
12,100
Accounts receivable 19,200 Accounts
payable 23,900
Inventories 53,100 Long-term
debt 161,800
Fixed assets 447,800 OWNERS'
EQUITY
Accumulated depreciation Retained
earnings
Intangible assets 81,900 Common
stock 181,900
Homework Answers
EBIT = Sales Revenue - Cost of Goods Sold - Fixed Costs -
Selling and Administrative Expenses - Depreciation
EBIT = $350,200 - $141,900 - $43,000 - $27,800 - $46,200
EBIT = $91,300
EBT = EBIT - Interest Expense
EBT = $91,300 - $18,200
EBT = $73,100
Taxes = EBT * Tax Rate
Taxes = $73,100 * 40%
Taxes = $29,240
Operating Cash Flow = EBIT + Depreciation - Taxes
Operating Cash Flow = $91,300 + $46,200 - $29,240
Operating Cash Flow = $108,260
Current Assets, 2017 = Cash + Accounts Receivable +
Inventories
Current Assets, 2017 = $25,900 + $19,200 + $53,100
Current Assets, 2017 = $98,200
Current Liabilities, 2017 = Accounts Payable + Notes
Payable
Current Liabilities, 2017 = $23,900 + $12,100
Current Liabilities, 2017 = $36,000
Current Assets, 2016 = Cash + Accounts Receivable +
Inventories
Current Assets, 2016 = $16,200 + $28,000 + $48,100
Current Assets, 2016 = $92,300
Current Liabilities, 2016 = Accounts Payable + Notes
Payable
Current Liabilities, 2016 = $18,900 + $14,000
Current Liabilities, 2016 = $32,900
Change in Net Working Capital = Net Working Capital, 2017 - Net
Working Capital, 2016
Change in Net Working Capital = (Current Assets, 2017 - Current
Liabilities, 2017) - (Current Assets, 2016 - Current Liabilities,
2016)
Change in Net Working Capital = ($98,200 - $36,000) - ($92,300 -
$32,900)
Change in Net Working Capital = $2,800
Net Capital Spending = Fixed Assets, 2017 - Fixed Assets,
2016
Net Capital Spending = $447,800 - $367,900
Net Capital Spending = $79,900
Cash Flow from Assets = Operating Cash Flow - Net Capital
Spending - Change in Net Working Capital
Cash Flow from Assets = $108,260 - $79,900 - $2,800
Cash Flow from Assets = $25,560
Add Answer to:
Sales revenue 350,200
Cost of goods sold 141,900
Fixed costs 43,000
Selling, general, and administrative expenses ...
Sales revenue 350,200 Cost of goods sold 141,800 Fixed costs 42,800 Selling, general, and administrative expenses ...
Sales revenue 350,200
Cost of goods sold 141,800
Fixed costs 42,800
Selling, general, and administrative expenses
28,100
Depreciation 45,900
ASSETS
LIABILITIES
Cash 16,200 Notes payable
14,100
Accounts receivable 27,900 Accounts
payable 19,100
Inventories 47,900 Long-term
debt 189,900
Fixed assets 367,800 OWNERS'
EQUITY
Accumulated depreciation 140,100 Retained
earnings
Intangible assets 81,800 Common
stock 131,900
ASSETS
LIABILITIES
Cash 25,900 Notes payable
11,800
Accounts receivable 18,900 Accounts
payable 23,800
Inventories 52,800 Long-term
debt 162,100
Fixed assets 447,900 OWNERS'
EQUITY
Accumulated depreciation ...
Need the answer of question 3 Partial Income Statement At the End of 2019 Sales revenue...
Need the answer of question
3
Partial Income Statement At the End of 2019 Sales revenue Cost of goods sold Fixed costs Selling, general, and administrative expenses Interest expense Depreciation $350,200 $142,000 $43,000 $27,800 $0 $45,800 Tax rate 40% ASSETS Cash Accounts receivable Inventories Gross Fixed assets Accumulated depreciation (-) Intangible assets Partial Balance Sheet 2018 LIABILITIES $16,100 Notes payable $27,800 Accounts payable $47,900 Long-term debt $367,800 OWNERS' EQUITY $143,000 Accumulated retained earnings $81,900 Common stock $14,200 $18,800 $189,900 $131,900...
Cash flow identity. The company paid interest expense of $17,700 for 2017 and had an overall tax...
Cash flow identity. The company paid interest
expense of $17,700 for 2017 and had an overall tax rate of 40% for
2017.
Verify the cash flow identity:
cash flow from assets = cash flow to creditors + cash
flow to owners
A. The cash flow from assets is $______
B. The cash flow to creditors is $______
C. The cash flow to owners is $_______
Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $141,900 Fixed costs...
Cash flow to owners. Use the data from the following financial statements in the popup window,...
Cash flow to owners. Use the
data from the following financial statements in the popup window,
LOADING... . The company paid interest expense of $ 18 comma
700$18,700 for 20172017 and had an overall tax rate of 40 %40% for
20172017. Find the cash flow to owners for 20172017 by parts and
total, with the parts being dividends paid and increases in
borrowing from owners (change in common stock and
paid-in-surplus).
1Data Table Partial Income Statement Year Ending 2017 Sales...
the net fixed assets for the year 2016 is? the net fixed assets for year 2017...
the net fixed assets for the year 2016 is?
the net fixed assets for year 2017 is?
(Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $349,900 Cost of goods sold $141,900 Fixed costs $42,900 Selling, general, and administrative expenses $27,900 Depreciation $46,100 W (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $15,900 Notes...
Statement of retained earnings. Use the data from the following financial statements in the popup window,...
Statement of retained earnings. Use the data from the following financial statements in the popup window, BB. The company paid interest expense of $18,800 for 2017 and had an overall tax rate of 40% for 2017. Complete the statement of retained earnings for 2017, and determine the dividends paid last year. The distributed earnings is $ . (Round to the nearest dollar.) Partial Income Statement Year Ending 2017 Sales revenue $350,200 Cost of goods sold $141,900 Fixed costs $42,900 Selling,...
Please answer, Im posting again because the answer is not 28,740 like the last person said....
Please answer, Im posting again because the answer is not 28,740
like the last person said.
P2-9 (similar to) Question Help Statement of retained earnings. Use the data from the following financial statements in the popup window, . The company paid interest expense of $17,100 for 2017 and had an overall tax rate of 40% for 2017. Complete the statement of retained earnings for 2017, and determine the dividends paid last year. The distributed earnings is $ . (Round to...
Data Table 1. depi ed all (Click on the following icon in order to copy its...
Data Table 1. depi ed all (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,200 Cost of goods sold R$ 142,000 Fixed costs $43,000 Selling, general, and administrative expenses $27,800 Depreciation $45,800 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $16,100 Notes payable Accounts receivable $28,000 Accounts payable Inventories $48,000 Long-term debt Fixed...
TH Data Table Partial Income Statement Year Ending 2017 Sales revenue $349,800 Cost of goods sold...
TH Data Table Partial Income Statement Year Ending 2017 Sales revenue $349,800 Cost of goods sold $141,800 Fixed costs $43,200 Selling, general, and administrative expenses $28,100 Depreciation $46,200 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $14,000 $19,100 $190,000 Accounts receivable Inventories $15,800 Notes payable $28,200 Accounts payable $47,800 Long-term debt $368,000 OWNERS' EQUITY $142,600 Retained earnings $82,000 Common stock Fixed assets Accumulated depreciation Intangible assets $132,000...
Use the data from the following financial statements in the popup window. The company paid interest...
Use the data from the following financial statements in the
popup window. The company paid interest expense of $17,700 and had
an overall tax rate of 40 % for 2017. Complete the statement of
retained earnings for 2017, and determine the dividends paid last
year.
(Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $141,900 Fixed costs $43,100 Selling, general, and administrative...
Sales revenue 350,200
Cost of goods sold 141,800
Fixed costs 42,800
Selling, general, and administrative expenses
28,100
Depreciation 45,900
ASSETS
LIABILITIES
Cash 16,200 Notes payable
14,100
Accounts receivable 27,900 Accounts
payable 19,100
Inventories 47,900 Long-term
debt 189,900
Fixed assets 367,800 OWNERS'
EQUITY
Accumulated depreciation 140,100 Retained
earnings
Intangible assets 81,800 Common
stock 131,900
ASSETS
LIABILITIES
Cash 25,900 Notes payable
11,800
Accounts receivable 18,900 Accounts
payable 23,800
Inventories 52,800 Long-term
debt 162,100
Fixed assets 447,900 OWNERS'
EQUITY
Accumulated depreciation ...
Need the answer of question
3
Partial Income Statement At the End of 2019 Sales revenue Cost of goods sold Fixed costs Selling, general, and administrative expenses Interest expense Depreciation $350,200 $142,000 $43,000 $27,800 $0 $45,800 Tax rate 40% ASSETS Cash Accounts receivable Inventories Gross Fixed assets Accumulated depreciation (-) Intangible assets Partial Balance Sheet 2018 LIABILITIES $16,100 Notes payable $27,800 Accounts payable $47,900 Long-term debt $367,800 OWNERS' EQUITY $143,000 Accumulated retained earnings $81,900 Common stock $14,200 $18,800 $189,900 $131,900...
Cash flow identity. The company paid interest
expense of $17,700 for 2017 and had an overall tax rate of 40% for
2017.
Verify the cash flow identity:
cash flow from assets = cash flow to creditors + cash
flow to owners
A. The cash flow from assets is $______
B. The cash flow to creditors is $______
C. The cash flow to owners is $_______
Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $141,900 Fixed costs...
Cash flow to owners. Use the
data from the following financial statements in the popup window,
LOADING... . The company paid interest expense of $ 18 comma
700$18,700 for 20172017 and had an overall tax rate of 40 %40% for
20172017. Find the cash flow to owners for 20172017 by parts and
total, with the parts being dividends paid and increases in
borrowing from owners (change in common stock and
paid-in-surplus).
1Data Table Partial Income Statement Year Ending 2017 Sales...
the net fixed assets for the year 2016 is?
the net fixed assets for year 2017 is?
(Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $349,900 Cost of goods sold $141,900 Fixed costs $42,900 Selling, general, and administrative expenses $27,900 Depreciation $46,100 W (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $15,900 Notes...
Statement of retained earnings. Use the data from the following financial statements in the popup window, BB. The company paid interest expense of $18,800 for 2017 and had an overall tax rate of 40% for 2017. Complete the statement of retained earnings for 2017, and determine the dividends paid last year. The distributed earnings is $ . (Round to the nearest dollar.) Partial Income Statement Year Ending 2017 Sales revenue $350,200 Cost of goods sold $141,900 Fixed costs $42,900 Selling,...
Please answer, Im posting again because the answer is not 28,740
like the last person said.
P2-9 (similar to) Question Help Statement of retained earnings. Use the data from the following financial statements in the popup window, . The company paid interest expense of $17,100 for 2017 and had an overall tax rate of 40% for 2017. Complete the statement of retained earnings for 2017, and determine the dividends paid last year. The distributed earnings is $ . (Round to...
Data Table 1. depi ed all (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,200 Cost of goods sold R$ 142,000 Fixed costs $43,000 Selling, general, and administrative expenses $27,800 Depreciation $45,800 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $16,100 Notes payable Accounts receivable $28,000 Accounts payable Inventories $48,000 Long-term debt Fixed...
TH Data Table Partial Income Statement Year Ending 2017 Sales revenue $349,800 Cost of goods sold $141,800 Fixed costs $43,200 Selling, general, and administrative expenses $28,100 Depreciation $46,200 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $14,000 $19,100 $190,000 Accounts receivable Inventories $15,800 Notes payable $28,200 Accounts payable $47,800 Long-term debt $368,000 OWNERS' EQUITY $142,600 Retained earnings $82,000 Common stock Fixed assets Accumulated depreciation Intangible assets $132,000...
Use the data from the following financial statements in the
popup window. The company paid interest expense of $17,700 and had
an overall tax rate of 40 % for 2017. Complete the statement of
retained earnings for 2017, and determine the dividends paid last
year.
(Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $141,900 Fixed costs $43,100 Selling, general, and administrative...
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