Use the data from the following financial statements in the popup window,
The company paid interest expense of $17,700 and had an overall
tax rate of 40% for 2017 Find the cash flow for 2017 and break it
into 3 parts:
operating cash flow, capital spending, and change in net working
capital.
What is the cash flow from assets?
Homework Answers
Answer:
EBIT = Sales Revenue - Costs of Goods Sold - Fixed Costs -
Selling, General and Administrative Expenses - Depreciation
EBIT = $349,800 - $141,900 - $43,200 - $27,800 - $46,000
EBIT = $90,900
EBT = EBIT - Interest Expense
EBT = $90,900 - $17,700
EBT = $73,200
Taxes = EBT * Tax Rate
Taxes = $73,200 * 40%
Taxes = $29,280
Operating Cash Flow = EBIT + Depreciation - Taxes
Operating Cash Flow = $90,900 + $46,000 - $29,280
Operating Cash Flow = $107,620
Ending Current Assets = Cash + Accounts Receivable +
Inventories
Ending Current Assets = $26,200 + $18,800 + $52,800
Ending Current Assets = $97,800
Ending Current Liabilities = Notes Payable + Accounts
Payable
Ending Current Liabilities = $12,200 + $24,200
Ending Current Liabilities = $36,400
Ending Working Capital = Ending Current Assets – Ending Current
Liabilities
Ending Working Capital = $97,800 - $36,400
Ending Working Capital = $61,400
Beginning Current Assets = Cash + Accounts Receivable +
Inventories
Beginning Current Assets = $15,800 + $28,200 + $47,900
Beginning Current Assets = $91,900
Beginning Current Liabilities = Notes Payable + Accounts
Payable
Beginning Current Liabilities = $13,900 + $19,000
Beginning Current Liabilities = $32,900
Beginning Working Capital = Ending Current Assets – Ending
Current Liabilities
Beginning Working Capital = $91,900 - $32,900
Beginning Working Capital = $59,000
Change in Net Working Capital = Ending Working Capital –
Beginning Working Capital
Change in Net Working Capital = $61,400 - $59,000
Change in Net Working Capital = $2,400
Net Capital Spending = Ending Fixed Assets - Beginning Fixed
Assets
Net Capital Spending = $448,000 - $368,100
Net Capital Spending = $79,900
Cash Flow from Assets = Operating Cash Flow - Net Capital
Spending - Change in Net Working Capital
Cash Flow from Assets = $107,620 - $79,900 - $2,400
Cash Flow from Assets = -$25,320
Add Answer to:
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Cash flow to owners. Use the data from the following financial statements in the popup window,...
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aspx?homeworkId=550UJO Financial Statements 15 of 16...
Sales revenue 350,200 Cost of goods sold 141,900 Fixed costs 43,000 Selling, general, and administrative expenses ...
Sales revenue 350,200
Cost of goods sold 141,900
Fixed costs 43,000
Selling, general, and administrative expenses
27,800
Depreciation 46,200
ASSETS
LIABILITIES
Cash 16,200 Notes payable
14,000
Accounts receivable 28,000 Accounts
payable 18,900
Inventories 48,100 Long-term
debt 190,100
Fixed assets 367,900 OWNERS'
EQUITY
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earnings
Intangible assets 81,900 Common
stock 131,900
ASSETS
LIABILITIES
Cash 25,900 Notes payable
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Accounts receivable 19,200 Accounts
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Inventories 53,100 Long-term
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Fixed assets 447,800 OWNERS'
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Data Table 1. depi ed all (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,200 Cost of goods sold R$ 142,000 Fixed costs $43,000 Selling, general, and administrative expenses $27,800 Depreciation $45,800 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $16,100 Notes payable Accounts receivable $28,000 Accounts payable Inventories $48,000 Long-term debt Fixed...
Use the data from the following financial statements in the
popup window. The company paid interest expense of $17,700 and had
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retained earnings for 2017, and determine the dividends paid last
year.
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Cash flow identity. The company paid interest
expense of $17,700 for 2017 and had an overall tax rate of 40% for
2017.
Verify the cash flow identity:
cash flow from assets = cash flow to creditors + cash
flow to owners
A. The cash flow from assets is $______
B. The cash flow to creditors is $______
C. The cash flow to owners is $_______
Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $141,900 Fixed costs...
Cash flow to owners. Use the data from the following financial
statements in the popup window, LOADING.... The company paid
interest expense of $ 18 comma 100 for 2017 and had an overall tax
rate of 40 % for 2017. Find the cash flow to owners for 2017 by
parts and total, with the parts being dividends paid and increases
in borrowing from owners (change in common stock and
paid-in-surplus).
The
distributed earning is
aspx?homeworkId=550UJO Financial Statements 15 of 16...
Sales revenue 350,200
Cost of goods sold 141,900
Fixed costs 43,000
Selling, general, and administrative expenses
27,800
Depreciation 46,200
ASSETS
LIABILITIES
Cash 16,200 Notes payable
14,000
Accounts receivable 28,000 Accounts
payable 18,900
Inventories 48,100 Long-term
debt 190,100
Fixed assets 367,900 OWNERS'
EQUITY
Accumulated depreciation 140,300 Retained
earnings
Intangible assets 81,900 Common
stock 131,900
ASSETS
LIABILITIES
Cash 25,900 Notes payable
12,100
Accounts receivable 19,200 Accounts
payable 23,900
Inventories 53,100 Long-term
debt 161,800
Fixed assets 447,800 OWNERS'
EQUITY
Accumulated depreciation ...
TH Data Table Partial Income Statement Year Ending 2017 Sales revenue $349,800 Cost of goods sold $141,800 Fixed costs $43,200 Selling, general, and administrative expenses $28,100 Depreciation $46,200 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $14,000 $19,100 $190,000 Accounts receivable Inventories $15,800 Notes payable $28,200 Accounts payable $47,800 Long-term debt $368,000 OWNERS' EQUITY $142,600 Retained earnings $82,000 Common stock Fixed assets Accumulated depreciation Intangible assets $132,000...
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