Question
In: Finance
Davis Inc. shows the following information on its annual income statement. Item Amount Sales $185,000 Costs...
Davis Inc. shows the following information on its annual income statement.
|
Item |
Amount |
|
Sales |
$185,000 |
|
Costs |
98,000 |
|
Other expenses |
6,700 |
|
Depreciation expense |
16,500 |
|
Interest expense |
9,000 |
|
Current taxes |
19,180 |
In addition, you are told the company paid dividends of $9,500, issued equity of $7,550, and retired debt of $7,100 during the year.
- What is the operating cash flow for the year?
- What is the cash flow to creditors?
- What is the cash flow to stockholders?
- Assume the operating cash flow is $60,000, the total cash flow to creditors is $2,000, and the total cash flow to stockholders is $16,000. During the year, the firm purchased additional fixed assets for $30,000 and did not sell any assets. What was the increase or decrease in the net working capital of the firm?
Solutions
Expert Solution
SEE THE IMAGE. ANY DOUBTS,
FEEL FREE TO ASK. THUMBS UP PLEASE
jeff jeffy answered 1 year agoRelated Solutions
Company A shows the following information on its 2009 income statement: sales = $200,000; costs =...
Company A shows the following information on its 2009 income
statement: sales = $200,000; costs = $87,000; other expenses =
$4,900; depreciation expense = $9,100; interest expense = $14,500;
taxes = $29,575; dividends = $10,000. In addition, you're told that
the firm issued $7,100 in new equity during 2009 and redeemed
$8,700 in outstanding long-term debt.
(b) What is the 2009 cash flow to creditors?
(c) What is the 2009 cash flow to stockholders?
(d) If net fixed assets increased...
Schwert Corp. shows the following information on its 2019 income statement: sales = $242,000; costs =...
Schwert Corp. shows the following information on its 2019 income
statement: sales = $242,000; costs = $153,000; other expenses =
$7,900; depreciation expense = $17,700; interest expense = $14,100;
taxes = $17,255; dividends = $11,000. In addition, you’re told that
the firm issued $5,600 in new equity during 2019 and redeemed
$4,100 in outstanding long-term debt. (Do not round intermediate
calculations.)
b. What is the 2019 cash flow to creditors?
d. If net fixed assets increased by $22,000 during the...
Schwert Corp. shows the following information on its 2017 income statement: sales = $227,000; costs =...
Schwert Corp. shows the following information on its 2017 income
statement: sales = $227,000; costs = $129,000; other expenses =
$7,900; depreciation expense = $14,200; interest expense = $13,700;
taxes = $21,770; dividends = $10,500. In addition, you’re told that
the firm issued $5,200 in new equity during 2017 and redeemed
$3,700 in outstanding long-term debt.
A.) What was the 2017 operating cash flow? (Do not round
intermediate calculations.)
b.) What was the 2017 cash flow to creditors?
(Do not...
Weiland Co. shows the following information on its 2019 income statement: sales = $160,000; costs =...
Weiland Co. shows the following information on its 2019 income
statement: sales = $160,000; costs = $80,500; other expenses =
$3,800; depreciation expense = $9,500; interest expense = $7,000;
taxes = $20,720; dividends = $7,900. In addition, you're told that
the firm issued $4,000 in new equity during 2019 and redeemed
$6,700 in outstanding long-term debt.
a.
What is the 2019 operating cash flow?
b.
What is the 2019 cash flow to creditors?
c.
What is the 2019 cash flow...
Weiland Co. shows the following information on its 2016 income statement: sales = $158,500; costs =...
Weiland Co. shows the following information on its 2016 income
statement: sales = $158,500; costs = $80,800; other expenses =
$4,100; depreciation expense = $9,800; interest expense = $7,300;
taxes = $19,775; dividends = $7,750. In addition, you're told that
the firm issued $3,700 in new equity during 2016 and redeemed
$6,100 in outstanding long-term debt.
a. What is the 2016 operating cash flow?
(Do not round intermediate calculations and round your
answer to the nearest whole number, e.g.,...
Schwert Corp. shows the following information on its 2019 income statement: sales = $227,000; costs =...
Schwert Corp. shows the following information on its 2019 income
statement: sales = $227,000; costs = $129,000; other expenses =
$7,900; depreciation expense = $14,200; interest expense = $13,700;
taxes = $21,770; dividends = $10,500. In addition, you’re told that
the firm issued $5,200 in new equity during 2019 and redeemed
$3,700 in outstanding long-term debt. (Do not round
intermediate calculations.)
a.
What is the 2019 operating cash flow?
b.
What is the 2019 cash flow to creditors?
c.
What...
Weiland Co. shows the following information on its 2016 income statement: sales = $158,500; costs =...
Weiland Co. shows the following information on its 2016 income
statement: sales = $158,500; costs = $80,800; other expenses =
$4,100; depreciation expense = $9,800; interest expense = $7,300;
taxes = $19,775; dividends = $7,750. In addition, you're told that
the firm issued $3,700 in new equity during 2016 and redeemed
$6,100 in outstanding long-term debt.
a. What is the 2016 operating cash flow? (Do not round
intermediate calculations and round your answer to the nearest
whole number, e.g., 32.)...
Schwert Corp. shows the following information on its 2019 income statement: sales = $226,000; costs =...
Schwert Corp. shows the following information on its 2019 income
statement: sales = $226,000; costs = $122,000; other expenses =
$7,900; depreciation expense = $17,900; interest expense = $14,700;
taxes = $22,225; dividends = $12,000. In addition, you’re told that
the firm issued $6,200 in new equity during 2019 and redeemed
$4,700 in outstanding long-term debt. (Do not round
intermediate calculations.)
a.
What is the 2019 operating cash flow?
b.
What is the 2019 cash flow to creditors?
c.
What...
Weiland Co. shows the following information on its 2016 income statement: sales = $173,000; costs =...
Weiland Co. shows the following information on its 2016 income
statement: sales = $173,000; costs = $91,400; other expenses =
$5,100; depreciation expense = $12,100; interest expense = $8,900;
taxes = $21,090; dividends = $9,700. In addition, you’re told that
the firm issued $2,900 in new equity during 2016 and redeemed
$4,000 in outstanding long-term debt. a. What is the 2016 operating
cash flow? b. What is the 2016 cash flow to creditors? c. What is
the 2016 cash flow...
11. Volbeat Corp. shows the following information on its 2015 income statement: sales = $242,000; costs...
11. Volbeat Corp. shows the following information on its 2015
income statement: sales = $242,000; costs = $153,000; other
expenses = $7,900; depreciation expense = $17,700; interest expense
= $14,100; taxes = $17,255; dividends = $11,000. In addition,
you’re told that the firm issued $5,600 in new equity during 2015
and redeemed $4,100 in outstanding long-term debt.
a. What is the 2015 operating cash flow?
b. What is the 2015 cash flow to creditors?
c. What is the 2015 cash...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Can you explain to me the differnces in how we paid for the health care (access...
- Discuss proactive and defensive marketing in context to the company position in the hypothetical market structure...
- Write a java code that could be used to show the simulation of a tornado. use...
- A Canadian company issues an 8-year term bond with face value of $1,000 and 6% coupon...
- 1. Consider the following nuclides: &
- In general, teams can be described three ways. Name and define each.
- JAVASCRIPT: Please create an array of student names and another array of student grades. - Create...
ADVERTISEMENT