Given the following Financial Information Answer the following question: 2017 2018 Cash 1,000 270,396 Accounts Receivable...
Given the following Financial Information Answer the following question:
| 2017 | 2018 | |
|---|---|---|
| Cash | 1,000 | 270,396 |
| Accounts Receivable | 6,000 | 6,600 |
| Inventory | 4,000 | 4,400 |
| Prepaid Assets | 3,000 | 3,300 |
| Other Assets | 1,000 | 1,100 |
| Total Current Assets | 15,000 | 285,796 |
| Net PPE | 90,000 | 73,000 |
| Intangibles | 6,000 | 6,000 |
| Total Assets | 111,000 | 364,796 |
| Accounts Payable | 2,000 | 2,200 |
| Salary Payable | 2,000 | 2,200 |
| Notes Payable | 9,000 | 9,000 |
| Total Current Liabilities | 13,000 | 13,400 |
| Long-Term Debt | 20,000 | 20,000 |
| Total Liabilities | 33,000 | 33,400 |
| Common Stock | 90,000 | 90,000 |
| Retained Earnings | -12,000 | 241,396 |
| total equity | 78,000 | 331,396 |
| 2018 | |
|---|---|
| Sales | 1,326,000 |
| COGS | 769,080 |
| Gross Profit | 556,920 |
| SG&A | 11,000 |
| Other Operating Expenses | 15,000 |
| Depreciation | 9,000 |
| Interest | 2,461 |
| Taxes | 166,465 |
| Net Income | 361,995 |
| dividends | 108,598 |
Calculate Operating Cash Flow (OCF) given a tax rate of 31.50%:
a. $374,050.20
b.$366,515.20
c. $383,515.20
d. $360,350.20
--
2)
Given the following Financial Information Answer the following question:
| 2017 | 2018 | |
|---|---|---|
| Cash | 1,000 | 351,950 |
| Accounts Receivable | 5,000 | 5,500 |
| Inventory | 4,000 | 4,400 |
| Prepaid Assets | 9,000 | 9,900 |
| Other Assets | 7,000 | 7,700 |
| Total Current Assets | 26,000 | 379,450 |
| Net PPE | 70,000 | 21,000 |
| Intangibles | 4,000 | 4,000 |
| Total Assets | 100,000 | 404,450 |
| Accounts Payable | 7,000 | 7,700 |
| Salary Payable | 9,000 | 9,900 |
| Notes Payable | 9,000 | 9,000 |
| Total Current Liabilities | 25,000 | 26,600 |
| Long-Term Debt | 50,000 | 50,000 |
| Total Liabilities | 75,000 | 76,600 |
| Common Stock | 100,000 | 100,000 |
| Retained Earnings | -75,000 | 227,850 |
| total equity | 25,000 | 327,850 |
| 2018 | |
|---|---|
| Sales | 669,000 |
| COGS | 107,040 |
| Gross Profit | 561,960 |
| SG&A | 21,000 |
| Other Operating Expenses | 14,000 |
| Depreciation | 7,000 |
| Interest | 2,862 |
| Taxes | 191,296 |
| Net Income | 332,802 |
| dividends | 29,952 |
Calculate Free Cash Flow, given that CAPEX is $-49,000.00:
a.$34,324.81
b.$733,579.39
c.$29,879.81
d.$738,024.39
Homework Answers
Operating Income = $556920 - $11000 - $15000 - $9000 = $521920
Operating Cash flow = Operating Income (1-t) +
Depreciation
= $521920 (1-0.315) + 9000
= $366515.20
Answer is b.$366,515.20
Working Capital = Current Assets - Current Liabilities
2017 = $26,000 - $25,000 = $1,000
2018 = $379,450 - $26,600 = $352,850
Change in Working Capital = $352850 - $1000 = $351850
Operating Income = $561960 - $21000 - $14000 - $7000 = $519960
Tax Rate = $191296 / $517098 = 37%
Free Cash flow = Operating Income (1-t) + Depreciation - Change
in working capital - Capital Expenditure
= $519960 (1-0.37) + 7000 - $351850 - $49000
= ($66275.20)
Add Answer to:
Given the following Financial Information Answer the following
question:
2017
2018
Cash
1,000
270,396
Accounts Receivable...
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