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Canyon Tours showed the following components of working capital
last year:
Beginning
End of Year
Accounts receivable
$24,600
$19,400
Inventory
10,100
14,400
Accounts payable
15,200
18,700
a.
What was the change in net working capital during
the year? (Use the minus
sign to enter negative changes, if any.)
ΔNWC $ ______
b.
If sales were $37,800 and costs were $20,200, what
was cash flow for the year? Ignore taxes. (Use the minus
sign to enter negative changes, if
any.)...
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The following table tracks the main components of working capital over the life of a four-year project. 2017 2018 2019 2020 Inventory Accounts payable 0 166,000 241,000 206,000 83,000 138,000 138,000 103,000 29,000 54,000 58,000 39,000 Calculate net working capital and the cash inflows and outflows due to investment in working capital. (Negative answers should be indicated by a minus sign. Leave no cells blank - be certain to enter "O wherever required.) 2016 2017 2018 2019 2020 Net working...
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At the beginning of its current fiscal year, Willie Corp.’s
balance sheet showed assets of $15,000 and liabilities of $6,500.
During the year, liabilities decreased by $1,000. Net income for
the year was $2,450, and net assets at the end of the year were
$9,050. There were no changes in paid-in capital during the
year.
Required:
Calculate the dividends, if any, declared during the year. Indicate
the financial statement effect. (Enter decreases with a
minus sign to indicate a negative...
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At the beginning of its current fiscal year, Willie Corp's balance sheet showed assets of $12,500 and liabilities of $6,000. During the year, liabilities decreased by $1,000. Net income for the year was $2,600, and net assets at the end of the year were $7,000. There were no changes in paid-in capital during the year. Required: Calculate the dividends, if any, declared during the year. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative...
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At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $13,900 and liabilities of $6,900. During the year, liabilities decreased by $900. Net income for the year was $2,750, and net assets at the end of the year were $7,150. There were no changes in paid-in capital during the year. Required: Calculate the dividends, if any, declared during the year. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative...
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At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $11,100 and liabilities of $5,200. During the year, liabilities decreased by $1,400. Net income for the year was $3,400, and net assets at the end of the year were $6,700. There were no changes in paid-in capital during the year. Required: Calculate the dividends, if any, declared during the year. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative...
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At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $13,600 and liabilities of $6,700. During the year, liabilities decreased by $900. Net income for the year was $2.900, and net assets at the end of the year were $7.700. There were no changes in paid-in capital during the year. Required: Calculate the dividends, if any, declared during the year. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative...
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At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $12,200 and liabilities of $6,600. During the year, liabilities decreased by $800. Net income for the year was $2,800, and net assets at the end of the year were $5,800. There were no changes in paid-in capital during the year. Required: Calculate the dividends, if any, declared during the year. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative...
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At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $12,900 and liabilities of $5,900. During the sed by $1,400. Net income for the year was $3,600, and net assets at the end of the year were $8,000. There were no changes in paid-in capital during the year. Required: Calculate the dividends, if any, declared during the year. Indicate the financial statement effect. (Enter decreases with a minus sign Indicate a negative financial statement effect.)...
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At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $14,700 and liabilities of $6,000. During the year, liabilities decreased by $1,100. Net income for the year was $3,100, and net assets at the end of the year were $9,600. There were no changes in paid-in capital during the year. Required: Calculate the dividends, if any, declared during the year. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative...
The following table tracks the main components of working capital over the life of a four-year project. 2017 2018 2019 2020 Inventory Accounts payable 0 166,000 241,000 206,000 83,000 138,000 138,000 103,000 29,000 54,000 58,000 39,000 Calculate net working capital and the cash inflows and outflows due to investment in working capital. (Negative answers should be indicated by a minus sign. Leave no cells blank - be certain to enter "O wherever required.) 2016 2017 2018 2019 2020 Net working...
At the beginning of its current fiscal year, Willie Corp.’s
balance sheet showed assets of $15,000 and liabilities of $6,500.
During the year, liabilities decreased by $1,000. Net income for
the year was $2,450, and net assets at the end of the year were
$9,050. There were no changes in paid-in capital during the
year.
Required:
Calculate the dividends, if any, declared during the year. Indicate
the financial statement effect. (Enter decreases with a
minus sign to indicate a negative...
At the beginning of its current fiscal year, Willie Corp's balance sheet showed assets of $12,500 and liabilities of $6,000. During the year, liabilities decreased by $1,000. Net income for the year was $2,600, and net assets at the end of the year were $7,000. There were no changes in paid-in capital during the year. Required: Calculate the dividends, if any, declared during the year. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative...
At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $13,900 and liabilities of $6,900. During the year, liabilities decreased by $900. Net income for the year was $2,750, and net assets at the end of the year were $7,150. There were no changes in paid-in capital during the year. Required: Calculate the dividends, if any, declared during the year. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative...
At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $11,100 and liabilities of $5,200. During the year, liabilities decreased by $1,400. Net income for the year was $3,400, and net assets at the end of the year were $6,700. There were no changes in paid-in capital during the year. Required: Calculate the dividends, if any, declared during the year. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative...
At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $13,600 and liabilities of $6,700. During the year, liabilities decreased by $900. Net income for the year was $2.900, and net assets at the end of the year were $7.700. There were no changes in paid-in capital during the year. Required: Calculate the dividends, if any, declared during the year. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative...
At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $12,200 and liabilities of $6,600. During the year, liabilities decreased by $800. Net income for the year was $2,800, and net assets at the end of the year were $5,800. There were no changes in paid-in capital during the year. Required: Calculate the dividends, if any, declared during the year. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative...
At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $12,900 and liabilities of $5,900. During the sed by $1,400. Net income for the year was $3,600, and net assets at the end of the year were $8,000. There were no changes in paid-in capital during the year. Required: Calculate the dividends, if any, declared during the year. Indicate the financial statement effect. (Enter decreases with a minus sign Indicate a negative financial statement effect.)...
At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $14,700 and liabilities of $6,000. During the year, liabilities decreased by $1,100. Net income for the year was $3,100, and net assets at the end of the year were $9,600. There were no changes in paid-in capital during the year. Required: Calculate the dividends, if any, declared during the year. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative...