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In: Finance
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 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? d. If no new debt was issued during the year, what is the cash flow to creditors? (Do not round intermediate calculations.) e. If no new debt was issued during the year, what is the cash flow to stockholders?
Solutions
jeff jeffy answered 1 year 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 = $33,813; 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...
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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