Titan Football Manufacturing had the following operating results for 2016: sales = $19,810; cost of goods...

Titan Football Manufacturing had the following operating results for 2016: sales = $19,810; cost of goods sold = $13,950; depreciation expense = $2,340; interest expense = $330; dividends paid = $580. At the beginning of the year, net fixed assets were $15,300, current assets were $2,970, and current liabilities were $2,040. At the end of the year, net fixed assets were $18,140, current assets were $3,340, and current liabilities were $2,130. The tax rate for 2016 was 30 percent. What is the operating cash flow? Cash flow from assets? Cash flow to creditors? and Cash flow to stockholders? Net income?

Solutions

Expert Solution

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

jeff jeffy answered 1 year ago

Next > < Previous

Related Solutions

Titan Football Manufacturing had the following operating results for 2016: sales = $19,850; cost of goods...

Titan Football Manufacturing had the following operating results for 2016: sales = $19,850; cost of goods sold = $13,910; depreciation expense = $2,300; interest expense = $310; dividends paid = $620. At the beginning of the year, net fixed assets were $17,300, current assets were $3,010, and current liabilities were $2,000. At the end of the year, net fixed assets were $20,540, current assets were $3,420, and current liabilities were $2,090. The tax rate for 2016 was 30 percent. a....

Titan Football Manufacturing had the following operating results for 2016: sales = $19,930; cost of goods...

Titan Football Manufacturing had the following operating results for 2016: sales = $19,930; cost of goods sold = $13,830; depreciation expense = $2,220; interest expense = $270; dividends paid = $700. At the beginning of the year, net fixed assets were $21,300, current assets were $3,090, and current liabilities were $1,920. At the end of the year, net fixed assets were $25,340, current assets were $3,580, and current liabilities were $2,010. The tax rate for 2016 was 30 percent. a....

Titan Football Manufacturing had the following operating results for 2016: sales = $19,920; cost of goods...

Titan Football Manufacturing had the following operating results for 2016: sales = $19,920; cost of goods sold = $13,840; depreciation expense = $2,230; interest expense = $275; dividends paid = $690. At the beginning of the year, net fixed assets were $20,800, current assets were $3,080, and current liabilities were $1,930. At the end of the year, net fixed assets were $24,740, current assets were $3,560, and current liabilities were $2,020. The tax rate for 2016 was 40 percent. a....

Titan Football Manufacturing had the following operating results for 2014: sales = $19,950; cost of goods...

Titan Football Manufacturing had the following operating results for 2014: sales = $19,950; cost of goods sold = $13,810; depreciation expense = $2,200; interest expense = $260; dividends paid = $720. At the beginning of the year, net fixed assets were $22,300, current assets were $3,110, and current liabilities were $1,900. At the end of the year, net fixed assets were $26,540, current assets were $3,620, and current liabilities were $1,990. The tax rate for 2014 was 40 percent. (Enter...

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....

Prescott Football Manufacturing had the following operating results for 2019: sales = $30,574; cost of goods...

Prescott Football Manufacturing had the following operating results for 2019: sales = $30,574; cost of goods sold = $21,884; depreciation expense = $3,568; interest expense = $584; dividends paid = $881. At the beginning of the year, net fixed assets were $20,278, current assets were $2,325, and current liabilities were $4,664. At the end of the year, net fixed assets were $23,197, current assets were $4,535, and current liabilities were $3,205. The tax rate for 2019 was 24 percent. a....

Precision Manufacturing had the following operating results for 2014: sales = $36,942; cost of goods sold...

Precision Manufacturing had the following operating results for 2014: sales = $36,942; cost of goods sold = $24,600; depreciation expense = $1,700; interest expense = $1,400; dividends paid = $1,000. At the beginning of the year, net fixed assets were $14,300, current assets were $8,700, and current liabilities were $6,600. At the end of the year, net fixed assets were $13,900, current assets were $9,200, and current liabilities were $7,400. The tax rate for 2014 was 34 percent. What is...

Robison Manufacturing had the following operating results for 2017: sales = $40,000; cost of goods sold...

Robison Manufacturing had the following operating results for 2017: sales = $40,000; cost of goods sold = $25,000; depreciation expense = $3,200; interest expense = $500; dividends paid = $800. At the beginning of the year, net fixed assets were $22,000, current assets were $3,400, and current liabilities were $2,800. At the end of the year, net fixed assets were $28,000, current assets were $4,200, and current liabilities were $2,100. The tax rate for 2017 was 40 percent. 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...

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....

Subjects