Question
In: Finance
PLEASE USE EXCEL Jackson Manufacturing had the following operating results for 2019: 2018 2019 Sales $140,500...
PLEASE USE EXCEL
Jackson Manufacturing had the following operating results for
2019:
2018
2019
Sales
$140,500
Cost of Goods Sold
$115,000
Depreciation Expense
$13,470
Interest Expense
$1,520
Dividends Paid
$1,825
Net Fixed Assets
$115,000
$119,000
Current Assets
$12,500
$14,250
Current Liabilities
$10,800
$11,500
Tax Rate
20%
Based Upon the information provided compute the following for
the company for 2019:
a. Net Income for 2019
b. Operating Cash Flow for 2019
c. Net Capital Spending for 2019
Assume that there is no new debt issued in 2019, Compute
d. Cashflow to creditors in 2019
e. Cashflow to Stockholders in 2019
f. Net new Equity in 2019.
Solutions
Expert Solution
SEE THE IMAGE. ANY DOUBTS,
FEEL FREE TO ASK. THUMBS UP PLEASE
jeff jeffy answered 1 year agoRelated Solutions
Prescott Football Manufacturing had the following operating results for 2019: sales = $30,174; cost of goods...
Prescott Football Manufacturing had the following operating
results for 2019: sales = $30,174; cost of goods sold = $21,740;
depreciation expense = $3,512; interest expense = $544; dividends
paid = $849. At the beginning of the year, net fixed assets were
$20,046, current assets were $3,029, and current liabilities were
$3,776. At the end of the year, net fixed assets were $23,077,
current assets were $4,447, and current liabilities were $3,077.
The tax rate for 2019 was 21 percent.
a....
Thomson Corporation had the following operating results for 2019 (in 000’s): sales of $30,600; cost of...
Thomson Corporation had the following operating results for 2019
(in 000’s): sales of $30,600; cost of goods sold of $21,800;
depreciation expense of $4,200; interest expense of $1,040;
dividends paid of $1,000. At the beginning of the year, net fixed
assets were $23,600, current assets were $6,800, and current
liabilities were $3,800. At the end of the year, net fixed assets
were $25,800, current assets were $7,900, and current liabilities
were $3,900. Total taxes are $1,500 ($1,424 paid, and $76...
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...
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 2019: sales = $33,308; cost of goods sold...
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...
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....
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- What are the advantages and disadvantages of the residual policy? (Hint: Don’t neglect signaling and clientele...
- Question 01. Select an Organization of your choice which is known for excellent team performance and...
- A rocket is launched at an angle of 53.0° above the horizontal with an initial speed...
- 14) There is a growing tendency for Western clients to designate a(n) ________ to facilitate the...
- 1. Consider a feed containing benzene, toluene, and cumene with mole fractions of 0.25, 0.5, and...
- The internet has lowered the entry barriers for smaller firms that wish to diversify into international...
- 21) A company with a polycentric orientation, selling a low-tech product in a less-developed country will...
ADVERTISEMENT