1. Find the operating cash flow for the year for Robinson and Sons if it had sales revenue of $80,000,000, cost of goods sold of $35,000,000, sales and administrative costs of $6,400,000, depreciation expense of $7,600,000, and a tax rate of 30%. 2. Manning Company reported the following information for 2019: Cash provided by operating activities Cash used by investing activities $425,000 $200,000 Average debt maturing over the next 5 years $80,000 Capital expenditures Cash dividends $275,000 $60,000 Required: Compute free cash flow and the cash flow adequacy ratio. D W Hot... > (8) ढ
1. Find the operating cash flow for the year for Robinson and Sons if it had sales revenue of $80,000,000, cost of goods sold of $35,000,000, sales and administrative costs of $6,400,000, depreciation expense of $7,600,000, and a tax rate of 30%. 2. Manning Company reported the following information for 2019: Cash provided by operating activities Cash used by investing activities $425,000 $200,000 Average debt maturing over the next 5 years $80,000 Capital expenditures Cash dividends $275,000 $60,000 Required: Compute free cash flow and the cash flow adequacy ratio. D W Hot... > (8) ढ
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 7MC
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