Titan Football Manufacturing had the following operating results for 2016: sales = $19,940; cost of goods...
Titan Football Manufacturing had the following operating results for 2016: sales = $19,940; cost of goods sold = $13,820; depreciation expense = $2,210; interest expense = $265; dividends paid = $710. At the beginning of the year, net fixed assets were $21,800, current assets were $3,100, and current liabilities were $1,910. At the end of the year, net fixed assets were $25,940, current assets were $3,600, and current liabilities were $2,000. The tax rate for 2016 was 40 percent.
a. What is net income for 2016? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
b. What is the operating cash flow for 2016? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
c. What is the cash flow from assets for 2016? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Assume no new debt was issued during the year.
d. What is the cash flow to creditors for 2016? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
e. What is the cash flow to stockholders for 2016? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
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Titan Football Manufacturing had the following operating results
for 2016: sales = $19,940; cost of goods...
Titan Football Manufacturing had the following operating results for 2016: sales = $19,880; cost of goods...
Titan Football Manufacturing had the following operating results for 2016: sales = $19,880; cost of goods sold-S1 3,880; depreciation expense = $2,270 interest expense = $295; dividends paid-$650. At the beginning of the year, net fixed assets were $18,800, current assets were $3,040, and current liabilities were $1,970. At the end of the year, net fixed assets were $22,340, current assets were $3,480, and current liabilities were $2,060. The tax rate for 2016 was 40 percent. a. What is net...
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Prescott Football Manufacturing had the following operating results for 2019: sales = $30,074; cost of goods sold = $21,704; depreciation expense = $3,498; interest expense = $534; dividends paid = $841. At the beginning of the year, net fixed assets were $19,988, current assets were $3,205, and current liabilities were $3,554. At the end of the year, net fixed assets were $23,047, current assets were $4,425, and current liabilities were $3,045. The tax rate for 2019 was 24 percent. a....
Titan Football Manufacturing had the following 340; dividends paid $560. At the beginning of the year,...
Titan Football Manufacturing had the following 340; dividends paid $560. At the beginning of the year, net fixed assets were $14,300, current assets were $2.950 net fixed assots were $16,940, cument assets were cperating results for 2016: sales $19.790, cost of goods sold $13,970, depreciation expense $2.360 interest expense - $3,300, and current labilies were $2.150. The tax rate for 2016 was 40 percent , and current labilities were $2,060 At the end of the year a. What is net...
Blue Diamond Industries had the following operating results for 2017: sales = $28,560; cost of goods...
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Cardinal Industries had the following operating results for 2018: Sales = $34,116; Cost of goods sold...
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Cusic Industries had the following operating results for 2015: sales $29,500; cost of goods sold $19,760;...
Cusic Industries had the following operating results for 2015: sales $29,500; cost of goods sold $19,760; depreciation expense = $5,260; interest expense = $2,640, dividends paid-$1,450. At the beginning of the year, net fixed assets were $17,080, current assets were $5,860, and current liabilities were $3,325. At the end of the year, net fixed assets were $20,660, current assets were $7,300, and current liabilities were $3,980. The tax rate for 2015 was 35 percent. a. What was net income for...
Titan Football Manufacturing had the following operating results for 2016: sales = $19,880; cost of goods sold-S1 3,880; depreciation expense = $2,270 interest expense = $295; dividends paid-$650. At the beginning of the year, net fixed assets were $18,800, current assets were $3,040, and current liabilities were $1,970. At the end of the year, net fixed assets were $22,340, current assets were $3,480, and current liabilities were $2,060. The tax rate for 2016 was 40 percent. a. What is net...
Prescott Football Manufacturing had the following operating results for 2019: sales = $30,774; cost of goods sold = $21,956, depreciation expense = $3,596, interest expense = $604, dividends paid = $897. At the beginning of the year, net fixed assets were $20,394, current assets were $1,973, and current liabilities were $5,108. At the end of the year, net fixed assets were $23,257, current assets were $4,579, and current liabilities were $3,269. The tax rate for 2019 was 23 percent. a....
Prescott Football Manufacturing had the following operating results for 2019: sales = $30,074; cost of goods sold = $21,704; depreciation expense = $3,498; interest expense = $534; dividends paid = $841. At the beginning of the year, net fixed assets were $19,988, current assets were $3,205, and current liabilities were $3,554. At the end of the year, net fixed assets were $23,047, current assets were $4,425, and current liabilities were $3,045. The tax rate for 2019 was 24 percent. a....
Titan Football Manufacturing had the following 340; dividends paid $560. At the beginning of the year, net fixed assets were $14,300, current assets were $2.950 net fixed assots were $16,940, cument assets were cperating results for 2016: sales $19.790, cost of goods sold $13,970, depreciation expense $2.360 interest expense - $3,300, and current labilies were $2.150. The tax rate for 2016 was 40 percent , and current labilities were $2,060 At the end of the year a. What is net...
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