Question

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 income for 2016? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net income 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.) Operating cash flow S 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.) Cash flow from assets 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.) Cash flow to creditors 295 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.) Cash flow to stockholders

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Home nert Page Layout Formulas Data Review View dd-Ins Cut E AutoSum ー E ゴWrap Text ta copy. в 1 프· ー· 鱼, Δ. :r-ㄧ 逻锂函Merge & Center. $, % , 弼,8 Conditional Format eCell Insert Delete Formsat Paste Sort &Find & Format Painter Formatting as Table Styles2 Clear Clipboard AU52 AK Alignment Number Cells Edting Formula Bar AL AM AN AP AR AS AT AU AV AW AX 34 35 36 37 38 39 40 SALES COGS DEPRECIATION EBIT INTEREST EBT TAX NET INCOME 19880 13880 2270 3730 295 3435 1374 2061 LESS LESS LESS LESS 42 43 OCF EBIT DEPRECIATION TAXES OCF - 45 4626 -AO38+AO37-A041] 46 NCS-NET CAPITAL SPENDING = YEAR ENDING NET FIXED ASSETS-YEAR BEGINNING FIXED ASSETS + DEPRECIATION NCS-NET CAPITAL SPENDING = (22340-18800) + 2270- 5810 48 49 50 CHANGES IN NWC CHANGES IN CURRENT ASSETS CHANGES IN CURRENT LIABILITIES CHANGES IN NWC (3480-3040) -(2060-1970)- 350 52 ARM, MSI,confidenceINDEX CURRENCY LOAN CROSS OVERHEDGING MONEY MARKET GM HPR AM TAX GROWTH SUST PREF AND DIV POLICY 1 | | OCF CASH FLOW STATW 07:52Home nert Page Layout Formulas Data Review View dd-Ins s Cut ta copy. Σ AutoSum. 11 -A ー E ゴText Wrap Text General Fill ▼ Sort & Find & Paste Format Painter B l U. -...Δ._ == ー Merge & Center. $ , % , , 8- Conditional Format Cell Insert Delete Format 2 ClearFe Select Edting as Table Styles Clipboard AM46 AK Alignment Number Cells 应 AL AM АО AP AR AS AU AV AW AX 46 47 48 49 50 51 52 53 54 NCS-NET CAPITAL SPENDING = YEAR ENDING NET FIXED ASSETS-YEAR BEGINNING FIXED ASSETS + DEPRECIATION NCS-NET CAPITAL SPENDING (22340-18800) + 2270 - 5810 CHANGES IN NWC CHANGES IN CURRENT ASSETS CHANGES IN CURRENT LIABILITIES CHANGES IN NWC (3480-3040) -(2060-1970) 350 CASH FLOW FROM ASSETS OCF-NCS - NWC -1534 A045-AS48-AS51 CFC-CASH FLOW TO CREDITORS CFC (INTEREST EXPENSES - NET NEW BORROWINGS) CFC (295- (0))- 56 57 58 59 60 61 62 63 64 295 CFS CASHFLOW TO STOCKHOLDERS CASH FLOW FROM ASSETS - CASH FLOW TO CREDITORS CASHFLOW TO STOCKHOLDERS -1534- 295]1829 AS53-AS57 ● トー0CF CASH FLOW STAT N FCF ARN M LconfidenceINDEX CURRENCY LOAN CROSSOVER HEDGINGMONEY MARKET -GM PRAM- TAX(GRONTH SUST ( PR FAND DIN LIC - ,

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