Question
In: Finance
Cusic Industries had the following operating results for 2019: sales = $33,308; cost of goods sold...
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Cusic Industries had the following operating results for 2019: sales = $33,308; cost of goods sold = $23,722; depreciation expense = $5,897; interest expense = $2,660; dividends paid = $1,906. 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, net fixed assets were $24,412, current assets were $8,624, and current liabilities were $4,583. The tax rate was 22 percent. |
| a. | What is net income for 2019? (Do not round intermediate calculations.) |
| b. | What is the operating cash flow for 2019? (Do not round intermediate calculations.) |
| c. |
What is the cash flow from assets for 2019? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations.) |
| d-1. |
If no new debt was issued during the year, what is the cash flow to creditors? (Do not round intermediate calculations.) |
| d-2. |
If no new debt was issued during the year, what is the cash flow to stockholders? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations.) |
Solutions
jeff jeffy answered 6 months agoRelated Solutions
Cusic Industries had the following operating results for 2019: sales = $34,419; cost of goods sold...
Cusic Industries had
the following operating results for 2019: sales = $34,419; cost of
goods sold = $24,261; depreciation expense = $6,007; interest
expense = $2,715; dividends paid = $2,005. At the beginning of the
year, net fixed assets were $19,950, current assets were $7,061,
and current liabilities were $3,998. At the end of the year, net
fixed assets were $24,511, current assets were $8,690, and current
liabilities were $4,682. The tax rate was 23 percent.
a.
What is...
Cusic Industries had the following operating results for 2019: sales = $33,712; cost of goods sold...
Cusic Industries had the following operating results for 2019:
sales = $33,712; cost of goods sold = $23,918; depreciation expense
= $5,937; interest expense = $2,680; dividends paid = $1,942. At
the beginning of the year, net fixed assets were $19,880, current
assets were $7,012, and current liabilities were $3,956. At the end
of the year, net fixed assets were $24,448, current assets were
$8,648, and current liabilities were $4,619. The tax rate was 21
percent. a. What is net...
Cusic Industries had the following operating results for 2019: sales = $33,813; cost of goods sold...
Cusic Industries had the following operating results for 2019:
sales = $33,813; cost of goods sold = $23,967; depreciation expense
= $5,947; interest expense = $2,685; dividends paid = $1,951. At
the beginning of the year, net fixed assets were $19,890, current
assets were $7,019, and current liabilities were $3,962. At the end
of the year, net fixed assets were $24,457, current assets were
$8,654, and current liabilities were $4,628. The tax rate was 22
percent. a. What is net...
Cusic Industries had the following operating results for 2015: sales = $28,560; cost of goods sold...
Cusic Industries had the following operating results for 2015:
sales = $28,560; cost of goods sold = $19,460; depreciation expense
= $5,020; interest expense = $2,340; dividends paid = $1,150. At
the beginning of the year, net fixed assets were $16,980, current
assets were $5,800, and current liabilities were $3,280. At the end
of the year, net fixed assets were $20,360, current assets were
$7,360, and current liabilities were $3,900. The tax rate for 2015
was 30 percent.
a....
11) Cusic Industries had the following operating results for 2019: sales = $33,510; cost of goods...
11) Cusic Industries had the following operating results for
2019: sales = $33,510; cost of goods sold = $23,820; depreciation
expense = $5,917; interest expense = $2,670; dividends paid =
$1,924. At the beginning of the year, net fixed assets were
$19,860, current assets were $6,998, and current liabilities were
$3,944. At the end of the year, net fixed assets were $24,430,
current assets were $8,636, and current liabilities were $4,601.
The tax rate was 24 percent.
a. What is...
Nanticoke Industries had the following operating results for 2018: sales $29,000; cost of goods sold =...
Nanticoke Industries had the following operating results for
2018: sales $29,000; cost of goods sold = $19,710; depreciation
expense = $5,220; interest expense = $2,640; dividends paid =
$1,400. At the beginning of the year, net fixed assets were
$17,330, current assets were $5,850, and current liabilities were
$3,300. At the end of the year, net fixed assets were $20,610,
current assets were $7,150, and current liabilities were $3,970.
The tax rate for 2018 was 30 %.
a) net income...
Cardinal Industries had the following operating results for 2018: Sales = $33,510; Cost of goods sold...
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. At the beginning of the year, net fixed assets were
$19,860, current assets were $6,998, and current liabilities were
$3,944. At the end of the year, net fixed assets were $24,430,
current assets were $8,636, and current liabilities were $4,601.
The tax rate for 2018 was 24 percent.
a....
Cardinal Industries had the following operating results for 2018: Sales = $33,510; Cost of goods sold...
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. At the beginning of the year, net fixed assets were
$19,860, current assets were $6,998, and current liabilities were
$3,944. At the end of the year, net fixed assets were $24,430,
current assets were $8,636, and current liabilities were $4,601.
The tax rate for 2018 was 24 percent.
a....
Cardinal Industries had the following operating results for 2018: Sales = $34,015; Cost of goods sold...
Cardinal Industries had the following operating results for
2018: Sales = $34,015; Cost of goods sold = $24,065; Depreciation
expense = $5,967; Interest expense = $2,695; Dividends paid =
$1,969. At the beginning of the year, net fixed assets were
$19,910, current assets were $7,033, and current liabilities were
$3,974. At the end of the year, net fixed assets were $24,475,
current assets were $8,666, and current liabilities were $4,646.
The tax rate for 2018 was 24 percent. a. What...
Cardinal Industries had the following operating results for 2018: Sales = $35,126; Cost of goods sold...
Cardinal Industries had the following operating results for
2018: Sales = $35,126; Cost of goods sold = $24,604; Depreciation
expense = $6,077; Interest expense = $2,750; Dividends paid =
$2,068. At the beginning of the year, net fixed assets were
$20,020, current assets were $7,110, and current liabilities were
$4,040. At the end of the year, net fixed assets were $24,574,
current assets were $8,732, and current liabilities were $4,745.
The tax rate for 2018 was 25 percent. a. What...
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