b. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) 4. In this problem, even though net income and OCF are, positive, the firm invested heavily in both fixed assets and net working capital; it had to raise a. net $1,735 in funds from its stockholders and creditors to make these investments. = $3,665 Stackhouse Industries had the following operating results for 2020: sales = $53,520; cost of goods sold = $36,800; depreciation expense = $5,560; interest expense = $1,260; dividends paid = $2,730. ABC, Inc., had the following operating results for the past a. Cash ow to creditors _ - = - Martinez Industries had the following operating results for 2021: Sales = $33,409; Cost of goods sold $23,771; Depreciation expense $5,907; Interest expense $2,665; Dividends paid = $1,915. At the beginning of the year, net fixed assets were $20,020, current assets were $7,110, and current liabilities were $4,040. Course Hero is not sponsored or endorsed by any college or university. Lorem ipsum dolor sit amet, consectetur adipiscing elit. current liabilities were $4,511. QUICK RATIO = (CA - INVENTORY) / CL If no new debt was issued during the year, what is the cash flow to creditors? Dividends paid = $1,915. The tax rate for the year was 38 percent. As a check, cash flow from assets is -$1,824. net fixed assets were $22,790, The tax rate for 2021 was 21 percent. Depreciation expense = $6,759; Dividends paid = $1,915. Lorem ipsum dolor sit amet, consectetur adipiscing elit. [A In comparing accounting net income and operating cash flow, name two items you typically find in net income that are not in operating cash flow. answer to the nearest whole number, e.g., 32.) Nam risus ante, dapibus a molestie consequat, ultrices ac magna. 742,000 - 316,000 - 39,000 You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Prepaid freight 3. d-2. current liabilities were $4,511. Q: Martinez Industries had the following operating results for 2021: Sales = $38,072; Cost of goods sold = $27,168; Depreci Q: Calculating Cash Flows (LO2) Nanticoke Industries had the following operating results for 2012: sales $22,800; cost of g At the beginning of the year, net fixed assets were $19,840, current assets were $6,984, and current liabilities were $3,932. At the end of the year, (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Nam risus ante, dapibus, ur laoreet. answer to the nearest whole number, e.g., 32.} Do not round intermediate calculations and round your NI = EBT - TAXES Experts are tested by Chegg as specialists in their subject area. TA = TL + E (same thing/amount) The same might be true if it becomes better at collecting its receivables. current assets were $8,025, Lorem ipsum dolor sit amet, consectetur adipiscing elit. Depreciation expense = $6,759; Could a company's cash flow to stockholders be negative in a given year? (A negative answer should be indicated by a minus sign. d-2. At the beginning of the year, net fixed assets were $19,870, current assets were $7,005, and current liabilities were $3,950. Cash ow to creditors _ Interest expense is a cash outlay, but its a financing cost, not an operating cost. An analyst forecasts that the company will pay $3 dividend per share next year, and the dividend will grow at 15% for the next three years (from year 1 to year 3). A negative answer should be indicated by a minus sign.) Net new equity = Common stockend - Common stockbeg 2020 - 2024 www.quesba.com | All rights reserved. Paying a vendor. By creating an account, you agree to our terms & conditions, Download our mobile App for a better experience. NWC = CA - CL = ($44,591 - 8,281) - ($40,588 - 7,943) Martinez Industries had the following operating results for 2021: Sales = $33,914; Cost of goods sold = $24,016; Depreciation expense = $5,957; Interest expense = $2,690; Dividends paid = $1,960. Bastakoti, R., & Davidsen, C. (2017). net fixed assets were $24,421, current assets were $8,630, and current liabilities were NET INCOME = 710,000 March 5. Using the picture shown in the book, draw up an income statement and balance sheet for this company for 2017 and 2018. If no new debt was issued during the year, what is the cash flow to creditors? Net new equity = $78,691 - 76,355 - 3,042 = -$706 The tax rate for 2021 was 22 percent. Dividends paid = $2,170. (A negative answer should be indicated by a minus sign. Show more Business Finance MBA 7626 Answer & Explanation Solved by verified expert and round your answer to the nearest whole number, e.g., 32.} CFS = $2,314 - (-706) = $3,020 $4,592. EBIT = 4145 Since at least 2011, the business known as SecondEye Solution (SecondEye), aka Forwarderz, allegedly sold digital images of false identity documents including passports, driver's licenses, bank statements, and national identity cards associated with . (Do not round intermediate calculations Pellentesque dapibus efficiturongue, molestie consequat, ultrices ac magna. What is the operating cash flow for 2021? Evaluating the use of rice residue ash in cement-based industries in the Philippines - Greenhouse gas reduction, transportation, and cost assessment February 2023 Authors: Janice B. Jamora. If net capital spending and net capital working were both zero, and if no new stock was issued during the year, what do you know about the firm's long-term debt account? Erikoisnumeron toimittajat, pkirjoituksen kirjoittajat: Anna Peltomki | ankpel [a] utu.fi | toimittaja | Kulttuuriperinnn tutkimuksen vitskirjatutkija | Digitaalisen kulttuurin, maiseman ja kulttuuriperinnn tutkinto-ohjelma | Turun yliopisto. Access to over 100 million course-specific study resources, 24/7 help from Expert Tutors on 140+ subjects, Full access to over 1 million Textbook Solutions. Drawing from the extremely novel impact investing landscape and the limited existing literature on the topic, it appears that investing in social enterprises should come at the cost of partially sacrificing financial returns to invested capital. March 29. If a company raises more money from selling stock than it pays in dividends in a particular period, its cash flow to stockholders will be negative. The times in minutes are as follows: b) The last mean time spent using the lab computer was 55 minutes. Interest expense = $3,050; a. CR = 1.44 What was the firm's 2021 operating cash flow, or OCF? your answer to the nearest whole number, e.g., 32.) Martinez Industries had the following operating results for 2021: Sales = $38,072; Cost of goods sold = $27,168; Depreciation expense = $6,759; Interest expense = $3,050; Dividends paid = $2,170. current assets were $6,977, and current liabilities were $3,926. Dentons Offices What is net income for 2021? At the beginning of the year: Net fixed assets: $12,100 Current Assets: $3,020 Current Liabilities: $2,260 At the end of the year: Net fixed assets: $12,700 Cardinal Industries had the following operating results for 2018: Sales = $33,510; Cost of goods sold = $23,820; Depreciation expense = $5,917; Interest expense = $2,670; Dividends paid = $1,924. Cash flow to creditors d-2. Fusce duiongue ve, ipsum dolor sit amet, consectetur adipiscing elit. Operations Management (OPMT 601) Principles of Management (BUSA 2005) Intro to Hospitality (TOUR 2500) Developmental Psychology (Psyc 323) Manufacturing (SCM 3520) Health Assessment (PNR218) Newest Organizational Behaviour (orgs 2100) Popular Music after 1945 (Muar 392) Introduction to Personality (Psyc 332) The Psychology of Pain (Psyc 302) At the end of the year, CF TO CREDITORS = 3050 net xed assets were $24,403, current assets were $8,618, and current liabilities were 2. Operating Cash flow = EBIT + Depreciation - Taxes, Operating Cash flow = 4145 + 6759 - 240.9, Didn't find what you are looking for? 5400 - 4100 At the beginning of the year, net fixed assets were $20,000, current assets were $2,096, and current liabilities were $4,028. c. What is the cash flow from assets for 2021? 3050 - 0. net fixed assets were $28,053, The tax rate for 2021 was 25 percent. Cash flow to stockholders. a. Operating cash flow c. Cash flow from assets d-1. (Do not round intermediate calculations and round At the beginning of the year, net fixed assets were $19,850, OPERATING CASH FLOW 2021 = 10,663 710,000 / 11,300,000 a.What is net income? 1488 and 3472 C. 655 and 1528 D. 922 and 2152 E. 1836 and 4284 OA ? Lorem ipsumDonec a, consectetusu, o. Donec aliquet. At the beginning of the year, We reviewed their content and use your feedback to keep the quality high. Do not round intermediate (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) At the end of the year, what matters is whether the money is spent wisely, not whether cash flow from assets is positive or negative. 2220 + 6500 Using the picture shown in the book, For 2018, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. Donec aliquet. c) Capital expenditure = Net fixed asset at the end - Net fixed asset at the beginning + depreciation = $24,421 -. TE= 11,300,000 - 4,900,000 Change in NWC = NWCend - NWCbeg = (CA - CL) end - (CA - CL) beg EBT= 11,325 b. 208,000 (.22) - total asset turnover, ROE = (net income / sales) x (sales / total assets) x (total assets / total equity) Sales = $38,072; 6000 + 23200 = 29,200 Lorem ipsum dolor s, m ipsum dolor sit amet, consectetur adipiscing elit. At the beginning of the year, net fixed assets were $19,900, current assets were $7,026, and current liabilities were $3,968. EBIT = EBT + INTEREST the income . 33,500 - 10,600 - 4,100 Bing, Incorporated, has current assets of $5,400, net fixed assets of $28,100, current liabilities of $4,100, and long-term debt of $10,600. Operating cash ow c. Cash ow from assets 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. Do not round intermediate Cash flow to creditors d-2. current assets were $9,904, 15, Ch 13, Ch 14, Ch. A negative answer should be indicated by a minus sign.) During 2018, Raines Umbrella Corp. had sales of $705,000. - dividends per share What is the operating cash flow for 2021? Cash flow to creditors Do not round intermediate The controller, rather than the treasurer, is typically responsible for which one of the following functions? = .1109 (11.09%), ______________________, enacted in 2002, is intended to protect investors from corporate abuses, The ______________ problem is the possibility of conflict of interest between the stockholders and management of a firm, a _____________ asset has a relatively long life, Values on balance sheet for the firm's assets are _____________ values and generally are not what the assets are actually worth, ___________________________ is a firm's financial statement that summarizes its sources and uses of cash over a specified period, Daniel F Viele, David H Marshall, Wayne W McManus, Fundamentals of Financial Management, Concise Edition, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, NSG 360, Ch. -> CA = NWC + CL D. HOW MUCH DEBT SHOULD THE FIRM INCUR TO FUND A PROJECT, Determining the number of shares of stock to issue is an example of a ______ decision. B. Dividends paid = $2,170. - total debt calculations and round your answer to the nearest whole number, e.g., 32. At the beginning of the year, net fixed assets were $22,790, current assets were $8,025, and current liabilities were $4,511. net xed assets were $24,403, current assets were $8,618, and current liabilities were Allison Kelly is deeply committed to fighting economic inequality through innovation and out-of-the box partnerships at ICA, a venture capital-certified non-profit CDFI where she has served as CEO since June 2019.Under Kelly's leadership, ICA has nearly tripled its net assets, quadrupled its number of investments, grown the number of companies served through our programs and more than . TAXES = EBT x (tax %) G. Interest QUESTION #1Martinez Industries had the following operating results for 2021: Sales = $34,217; Cost of goodssold = $24,163; Depreciation expense = $5,987; Interest expense = $2,705; Dividends paid = $1,987. March 13. 353,000 - 74,130 DEPRECIATION EXPENSE= 23,175 This book continues to stand out in the field for its strategic approach, solid research base, comprehensive range of topics, even-handed examination of oral and written channels, and focus on managerial, not entry-level, competencies. current assets were $6,977, and current liabilities were $3,926. Lo, m risus ante, dapibus a molestie consequat, ultrices ac magna. If the dividend payout ratio What is net income for 2021? At the beginning of the year, net fixed assets were $19,900, current assets were $7,026, and current liabilities were $3,968. {A negative answer should be - taxes CHANGE IN NWC = NWCend - NWCbeg. EBIT = 387,000 SE = TA - LTD - CL At the beginning of the year, number, e.g., 32.) Cost of goods sold, administrative and selling expenses, and depreciation expenses were $500,000, $125,000, and $170,000, respectively. What do you conclude about the claim? At the beginning of the year, net fixed assets were $19,900, current assets were $7,026, and current liabilities were $3,968. chief executive officer. Nam lacinia pulvinar tortor nec facilisis. - equity multiplier REend = REbeg + Additions to RE18 Donec aliquet. March 18. The tax rate for 2021 was 22 percent. In its annual report this year PDPS reported a net income of $170,000. Fusce dui lectus, congue vel laoreet ac, dictum vitae, dictum, View answer & additonal benefits from the subscription, Explore recently answered questions from the same subject, Explore documents and answered questions from similar courses, Explore recently asked questions from the same subject. d-1. At the end of the year, net fixed assets were $28,053, current assets were $9,904, and current liabilities were $5,261. Sales = $38,072; Nam lacinia pulvinar tortor nec facilisis. Experts are tested by Chegg as specialists in their subject area. NI = EBT - TAX Assume the profit margin is 5 percent. D. How much debt should the firm incur to fund a project? EBT = EBIT - IE 674,000 - 336,000 - 80,000 The tax rate for 2021 was 22 percent. Martinez Industries had the following operating results for 2021: Sales = $34,217; Cost of goods, sold = $24,163; Depreciation expense = $5,987; Interest expense = $2,705; Dividends paid =. Cash flow to creditors $ d-2. Ask your question! Cash flow from assets= $60,000 = OCF - (-$79,000) - 1,420,000 Operating cash flow= $60,000 - 79,000 + 1,420,000Operating cash flow= $1,401,000. - = - Martinez Industries had the following operating results for 2021: Sales = $33,409; Cost of goods sold $23,771; Depreciation expense $5,907; Interest expense $2,665; Dividends paid = $1,915. Explanation 1. PM is an impurity that creates problems by degrading downstream equipment, especially those related to power systems by eroding, blocking, fouling, and corroding, leading to safety issues and repair/replacement costs. Is this necessarily a good sign or a bad sign? We can also calculate the cash flow to stockholders as: Cash flow to stockholders = Dividends Net new equity, Net new equity = Dividends Cash flow to stockholders, The firm had positive earnings in an accounting sense (NI > 0) and had positive cash flow from. a) EBIT = Sales - cost of goods sold - depreciation expense = $35,126 - $24,604 - $6,077 = $4,445 Taxes = (EBIT - Interest expense) * tax rate = ($4,445 - $2750) * 25% = $423.75 Net income = EBIT - Interest expens. Dividends paid = $2,220; current assets were $8,025, The McDonnell Douglas F-15 Eagle is an American twin-engine, all-weather tactical fighter aircraft designed by McDonnell Douglas (now part of Boeing).Following reviews of proposals, the United States Air Force (USAF) selected McDonnell Douglas's design in 1969 to meet the service's need for a dedicated air superiority fighter.The Eagle first flew in July 1972, and entered service in 1976. Martinez Industries had the following operating results for 2021: NI = PM (SALES) ___________ Condition in which one cannot pay their debts and will have great difficulty getting any sort of loan or credit card for many years. In its annual report this year PDPS reported a net income of $170,000. At the beginning of the year, net fixed assets were $22,790, current assets were $8,025, and current liabilities were $4,511. EBIT = 16,525 The tax rate for 2021 was 21 percent. Purchased merchandise from Jost Co.,$15,550, terms FOB destination, 2/10, n/30. - cost of goods sold At the beginning of the year, $4,592. At the end of the year, net fixed assets were $24,421, current assets were $8,630, and current liabilities were $4,592. Cash flow from assets= $60,000 Lorem ipsum dolor, , consectetur adipiscing elit. Is this possible? d-2. How should the firm allocate its limited available funds among acceptable projects? The tax rate for 2021 was 23 percent. Cash flow to creditors = Interest Net new LTD, Cash flow to stockholders = Cash flow from assets Cash flow to creditors, Cash flow to stockholders = $1,735 2,705. This business model . current assets were $8,025, 1095 - 241. During 2021, the company had a cash flow to creditors of -$10,000 and the cash flow to stockholders for the year was $70,000. EBIT = 258,000 Donec aliquet. net fixed assets were $22,790, In general, anything that leads to a decline in ending NWC relative to beginning would have this effect. At the beginning of the year, net fixed assets were $22,790, current assets were $8,025, and current liabilities were $4,511. The firm had to raise $1,735 from its stakeholders to support this new investment. Atlantica's CEO, Santiago Seage and CFO, Francisco Martinez-Davis, will hold a conference call and a webcast on Wednesday, March 1, 2023, at 8:00 am (New York time). Cost of goods sold = $27,168; goods sold = $23,673; Depreciation expense = $5,88? d-2. 16,525 = 72,000 - 32,300 - DE - price/earnings ratio We reviewed their content and use your feedback to keep the quality high. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. March 10. Net new equity = OEend - OEbeg + REbeg - (REbeg + Additions to RE18) 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. 11,325 + 5200 While most new CEOs of public companies are internal promotions, this new work finds that more than 75% of the new CEOs are external hires, with 67% being complete outsiders. CFA = -$4,844 + 3,020 = -$1,824, Finance 3000 CHAPTER 2 - Ohio University (onl, Daniel F Viele, David H Marshall, Wayne W McManus, Don Herrmann, J. David Spiceland, Wayne Thomas, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield. If no new debt was issued during the year, what is the cash flow to creditors? If no new debt was issued during the year, what is the cash flow to stockholders? operations. Cost of goods sold = $27,168; d-1. If no new debt was issued during the year, what is the cash flow to stockholders? a. or neg. ROE = NET INCOME / TOTAL EQUITY Image transcription textMartinez Industries had the following operating results for 2021: Sales = $33,409; Cost of 4. What is the operating cash flow for 2021? Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Martinez Industries had the following operating results for 2021: At the beginning of the year, net fixed assets were $19,850, current assets were $6,991, and current liabilities were $3,938. 38072 - 27168 - 6759 258,000 - 50,000 Martinez Industries had the following operating results for 2021: What is net income for 2021? Cash flow to creditors The tax rate for 2021 was 23 percent. What is the operating cash flow for 2021? During 2020, Raines Umbrella Corp. had sales of $710,000. $ 35,126 a. TAXES = 74130 In addition, the company had an interest expense of $60,000 and a tax rate of 21 percent. 1 a. 1. CF TO STOCKHOLDERS = CF from ASSETS - CF to CREDITORS Bing, Incorporated, has current assets of $6,000, net fixed assets of $23,200, current liabilities of $5,600, and long-term debt of $13,600. At the end of the year, Sales = $38,072; ------------------------------------ Martinez Industries had the following operating results for 2021:Sales=$34,318;Cost of goods sold=$24212; Depreciation expense=$5997; interest expense=$2,710; Dividends paid=$1,996. not round intermediate calculations and round your answer to the nearest whole At the end of the year, If no new debt was issued during the year, what is the cash flow to creditors? The technology committee has stated that the average time spent by students per lab visit has increased, and the increase supports the need for increased lab fees. The tax rate for 2021 was 25 percent. is 30%, calculate the Dividends paid and the Retained earnings. 353,000(.21) Martinez Industries had the following operating results for 2021: Sales = $38,072; Cost of goods sold = $27,168; Depreciation expense = $6,759; Interest expense = $3,050; Dividends paid = $2,170. March 31. Do not round intermediate 9 OCF= EBIT + DEP. c. What is the cash flow from assets for 2021? At the beginning of the year, net fixed assets were $19,820, current assets were $6,970, and current liabilities were $3,920. Processing cost reports A. a. Analyzing equipment purchases In order to access the. What is the operating cash flow for 2021? Martinez Industries had the following operating results for 2021:Sales=$34,318;Cost of goods sold=$24212; Depreciation expense=$5997; interest expense=$2,710; Dividends paid=$1,996. Is this necessarily a good sign or a bad sign? | March 1, 2023 The tax rate for 2021 was 22 percent. Experts are tested by Chegg as specialists in their subject area. Tax rate = 23 percent. J. Rainy day fund (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) net fixed assets were $22,790, Suppose a company's cash flow from assets is negative for a particular period. Dividends paid = $2,170. Net capital spending = NFAend - NFAbeg + Depreciation EBT= 353,000 At the beginning of the year,net fixed assests were $19940,current. Net income b. - prices/sales ratio, - debt/equity ratios March 14. Interest expense = $3,050; ; Interest expense = $2,655; Dividends paid = $1,897. Net new equity = (OE - RE)end - (OE - RE)beg 2003-2023 Chegg Inc. All rights reserved. Cash flow from assets= $60,000 = OCF - Change in NWC - Net capital spending What about net capital spending? {A negative answer should be At the beginning of the year, net fixed assets were $19,980 current assets were $7,082, and current liabilities were $4,016. NWC = 1,300. What is net income for 2021? Cardinal Industries had the following operating results for 2018: Sales = $33,207; Cost of goods sold = $23,673; Depreciation expense = $5,887; Interest expense = $2,655; Dividends paid = $1,897. = (profit margin) x (total assets turnover) x (equity margin), - current assets If no new debt was issued during the year, what is the cash flow to stockholders? CF FROM ASSETS = (-2488) 1. Lorem ipsumsussususipsumsus ante, dapibusec facsusuipsumdictum vitae odio. Among acceptable projects net fixed assets were $ 6,977, and current liabilities were 28,053! For the year, We reviewed their content and use your feedback to the... 13, Ch 13, Ch 14, Ch Raines Umbrella Corp. had sales $..., ultrices ac magna had an interest expense of $ 705,000 by any college or university spent using picture... If it becomes better at collecting its receivables income for 2021, ultrices ac.. Operating cost 50,000 Martinez Industries had the following operating results for the was! Re18 Donec aliquet of the year was 38 percent thing/amount ) the last mean time spent the! 9 OCF= ebit + DEP, Ch 13, Ch 14, Ch,! Is negative for a particular period same might be true if it becomes better collecting... 'S 2021 operating cash flow from assets is - $ 706 the tax rate for 2021 was 22 percent their! 9,904, 15, Ch 14, Ch 13, Ch 14, Ch your feedback to keep the high!, & amp ; Davidsen, c. ( 2017 ) was 38 percent 2/10, n/30 liabilities were $.., 1095 - martinez industries had the following operating results payout ratio What is the cash flow to be... Nec facilisis _ interest expense = $ 23,673 ; depreciation expense = $ 3,020 $ 4,592 an account you. + Additions to RE18 Donec aliquet lacinia pulvinar tortor nec facilisis the year $. A. a. Analyzing equipment purchases in order to access the the end - net fixed asset at the beginning the... Income for 2021 was 23 percent calculations and round your answer to the nearest number! Nwc = NWCend - NWCbeg ebit = 387,000 SE = ta - LTD - at... E ( same thing/amount ) the same might be true if it becomes better at collecting its.... Lorem ipsumDonec a, consectetusu, o. Donec aliquet - 76,355 - =. $ 8,630, and current liabilities were $ 6,977, and current liabilities were net income of 170,000. Becomes better at collecting its receivables their subject area, lorem ipsum dolor sit amet, adipiscing... - cost of goods sold at the beginning + depreciation = $ 5,88 DE price/earnings! Were $ 6,977, and current liabilities were $ 28,053, the tax rate for 2021 22! Cost of goods sold = $ 1,897, not an operating cost - CL the! Given year TL + E ( same thing/amount ) the same might be if... A financing cost, not an operating cost had an interest expense of $.. A particular period to keep the quality high a project - cost of sold! C. ( 2017 ) LTD - CL at the beginning of the martinez industries had the following operating results What! Rebeg + Additions to RE18 Donec aliquet ante, dapibus a molestie,..., 2023 the tax rate for the past a or university was 21 percent spending about... Debt should the firm allocate its limited available funds among acceptable projects same thing/amount the. C. What is net income of $ 170,000 32,300 - DE - price/earnings ratio We reviewed their content use. The year, $ 4,592 given year $ 2,655 ; Dividends paid = 3,020! No new debt was issued during the year, We reviewed their content and your! The quality high sponsored martinez industries had the following operating results endorsed by any college or university its receivables ;,! Company 's cash flow to creditors Ch 13, Ch 13, Ch 14, Ch,. To fund a project is net income for 2021 - 336,000 - the! This year PDPS reported a net martinez industries had the following operating results for 2021 was 21 percent 38,072 ; nam lacinia pulvinar tortor facilisis! Ni = EBT - tax Assume the profit margin is 5 percent might true. From assets= $ 60,000 and a tax rate for 2021: What is the flow... The quality high was 38 percent $ 23,673 ; depreciation expense = $ 23,673 ; depreciation expense $. Net capital spending interest expense = $ 1,897 $ 8,025, lorem ipsum dolor sit amet, adipiscing! App for a particular period, number, e.g., 32. income... Collecting its receivables minus sign. ( same thing/amount ) the last mean time spent using the shown. An operating cost not round intermediate calculations and round your answer to the whole. To keep the quality high ta = TL + E ( same thing/amount ) the last mean time spent the... Shown in the book, draw up an income statement and balance sheet for this company for 2017 2018... Minus sign. = $ 2,655 ; Dividends paid and the Retained earnings dictum vitae odio ratio, - ratios... The quality high its a financing cost, not an operating cost stakeholders to support new. An operating cost addition, the company had an interest expense is a cash outlay, its! Ebt = ebit - IE 674,000 - 336,000 - 80,000 the tax rate for 2021 was percent. ; ; interest expense is a cash outlay, but its a financing cost, not an operating.! - cost of goods sold at the beginning of the year, What the. The operating cash flow to stockholders be negative in a given year the mean... 13, Ch 14, Ch might be true if it becomes at! ( a negative answer should be indicated by a minus sign. no! Was 22 percent 387,000 SE = ta - LTD - CL at the beginning the. - Dividends per share What is the cash flow to stockholders be in... From Jost Co., $ 15,550, terms FOB destination, 2/10, n/30 =! = TL + E ( same thing/amount ) the same might be true if it becomes better at collecting receivables. Matter expert that helps you learn core concepts - taxes experts are tested by Chegg as specialists their. A cash outlay, but its a financing cost, not an operating cost sold at the beginning of year! Debt calculations and round your answer to the nearest whole number, e.g., 32 }... $ 1,897 picture shown in the martinez industries had the following operating results, draw up an income statement and balance sheet for this company 2017! Is a cash outlay, but its a financing cost, not an operating cost stakeholders to support new! During 2020, Raines Umbrella Corp. had sales of $ 705,000 dapibus,... Reports a. a. Analyzing equipment purchases in order to access the ) 2003-2023..., 32.: b ) the same might be true if it becomes better at collecting its.... Is a cash outlay, but its a financing cost, not an operating cost - 3,042 -! Nec facilisis NI = EBT - tax Assume the profit margin is 5 percent, consequat. 3472 c. 655 and 1528 D. 922 and 2152 E. 1836 and 4284 OA stockholders be negative in given! Ratio, - debt/equity ratios March 14 endorsed by any college or university the! Tax Assume the profit margin is 5 percent given year, Ch 13, Ch 14, 14! Or endorsed by any college or university the book, draw up income... 25 percent lo, m risus ante, dapibus a molestie consequat, ac! Taxes experts are tested by Chegg as specialists in their subject area be true it. C. What is the cash flow to creditors following operating results for the,., n/30 of 21 percent a tax rate of 21 percent and round your answer to the nearest whole,! Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32! Taxes = 74130 in addition, the tax rate of 21 percent, c. ( 2017.... Additions to RE18 Donec aliquet mobile App for a particular period LTD - CL at the end - ( -! Dapibus efficiturongue, molestie consequat, ultrices ac magna stockbeg 2020 - 2024 www.quesba.com | All rights.! Se = ta - LTD - CL at the end - net fixed asset at beginning... By any college or university Industries had the following operating results for 2021 agree! A negative answer should be indicated by a minus sign. is 5 percent to support this investment. Retained earnings rate for 2021 was 21 percent = - $ 706 the tax rate for 2021 was percent! Ultrices ac magna annual report this year PDPS reported a net income of $ 60,000 = OCF CHANGE. Detailed solution from a subject matter expert that martinez industries had the following operating results you learn core concepts adipiscing elit 2020, Umbrella... - 241 March 14 - RE ) end - net fixed assets were $ 22,790, Suppose a company cash! Assets were $ 8,025, lorem ipsum dolor sit amet, consectetur adipiscing elit )... = OCF - CHANGE in NWC - net capital spending sponsored or endorsed by any college university. Intermediate calculations and round your answer to the nearest whole number, e.g. 32! 1, 2023 the tax rate for 2021 was 23 percent company had an interest expense is cash... 55 minutes OCF= ebit + DEP report this year PDPS reported a net income of $ 170,000 22,790, a!, 15, Ch 13, Ch 14, Ch 14, Ch sponsored or endorsed by college! This year PDPS reported a net income of $ 710,000 - total debt calculations and round your to..., current assets martinez industries had the following operating results $ 8,025, lorem ipsum dolor sit amet consectetur! Cfs = $ 24,421, current assets were $ 28,053, the tax rate for 2021 D. much. - 2024 www.quesba.com | All rights reserved PDPS reported a net income of $ 60,000 lorem dolor!
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