Martinez Industries had the following operating results for 2021: Sales = $35,126; Cost of goods sold = $24,604; Depreciation expense = $6,077; Interest expense = $2,750; Dividends paid = $2,068. At the beginning of the year, net fixed assets were $20,020, current assets were $7,110, and current liabilities were $4,040. At the end of the year, net fixed assets were $24,574, current assets were $8,732, and current liabilities were $4,745. The tax rate for 2021 was 25 percent.
Martinez Industries had the following operating results for 2021: Sales = $35,126; Cost of goods sold = $24,604; Depreciation expense = $6,077; Interest expense = $2,750; Dividends paid = $2,068. At the beginning of the year, net fixed assets were $20,020
Zigs Industries had the following operating results for 2015: sales = $25638; cost of goods sold = $16799; depreciation expense = $4082; interest expense = $2042; dividends paid = $1581. At the beginning of the year, net fixed assets were $19136, current assets were $5395, and current liabilities were $3497. At the end of the year, net fixed assets were $20159, current assets were $7182, and current liabilities were $3648. The tax rate for 2015 was 33 percent. What is...
Zigs Industries had the following operating results for 2015: sales = $28312; cost of goods sold = $17572; depreciation expense = $4574; interest expense = $2352; dividends paid = $1752. At the beginning of the year, net fixed assets were $19629, current assets were $5237, and current liabilities were $3824. At the end of the year, net fixed assets were $20667, current assets were $7483, and current liabilities were $3572. The tax rate for 2015 was 35 percent. What is...
Zigs Industries had the following operating results for 2015: sales = $27771; cost of goods sold = $16963; depreciation expense = $4324; interest expense = $2068; dividends paid = $1788. At the beginning of the year, net fixed assets were $15810, current assets were $5248, and current liabilities were $3969. At the end of the year, net fixed assets were $20724, current assets were $7634, and current liabilities were $3580. The tax rate for 2015 was 34 percent. What is...
Zigs Industries had the following operating results for 2015: sales = $25520; cost of goods sold = $15379; depreciation expense = $4147; interest expense = $2210; dividends paid = $1500. At the beginning of the year, net fixed assets were $17323, current assets were $5885, and current liabilities were $3577. At the end of the year, net fixed assets were $20763, current assets were $7202, and current liabilities were $3501. The tax rate for 2015 was 32 percent. What is...
Zigs Industries had the following operating results for 2015: sales = $29745; cost of goods sold = $17629; depreciation expense = $4275; interest expense = $2081; dividends paid = $1735. At the beginning of the year, net fixed assets were $19404, current assets were $5772, and current liabilities were $3939. At the end of the year, net fixed assets were $20104, current assets were $7619, and current liabilities were $3521. The tax rate for 2015 was 32 percent. If no...
Cusic Industries had the following operating results for 2015: sales = $30,180; cost of goods sold = $19,860; depreciation expense = $5,340; interest expense = $2,790; dividends paid = $1,550. At the beginning of the year, net fixed assets were $17,210, current assets were $5,880, and current liabilities were $3,375. At the end of the year, net fixed assets were $20,760, current assets were $7,600, and current liabilities were $4,000. The tax rate for 2015 was 30 percent. What was...
Quarles Industries had the following operating results for 2015: sales = $30,660; cost of goods sold = $20,260; depreciation expense = $5,660; interest expense = $3,090; dividends paid = $1,950. At the beginning of the year, net fixed assets were $17,480, current assets were $5,960, and current liabilities were $3,575. At the end of the year, net fixed assets were $21,160, current assets were $7,180, and current liabilities were $4,100. The tax rate for 2015 was 30 percent. a....
Cardinal Industries had the following operating results for 2018: Sales $34,621; Cost of goods sold-$24,359; Depreciation expense$6,027; Interest expense$2,725; Dividends paid $2,023. At the beginning of the year, net fixed assets were $19,970, current assets were $7,075, and current liabilities were $4,010. At the end of the year, net fixed assets were $24,529, current assets were $8,702, and current liabilities were $4,700. The tax rate for 2018 was 25 percent. a. What is net income for 2018? (Do not round...
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....
Cardinal Industries had the following operating results for 2018: Sales = $33,106; Cost of goods sold = $23,624; Depreciation expense = $5,877; Interest expense = $2,650; Dividends paid = $1,888. At the beginning of the year, net fixed assets were $19,820, current assets were $6,970, and current liabilities were $3,920. At the end of the year, net fixed assets were $24,394, current assets were $8,612, and current liabilities were $4,575. The tax rate for 2018 was 22 percent. a. What...