Schwert Corp. shows the following information on its 2015 income statement: sales = $215,000; costs = $117,000; other expenses= $6,700; depreciation expense = $25,370; dividends = $9500. What is the 2015 operating cash flow? Show your work. %3D $18,400; interest expense = S10,000; taxes = %3D %3D
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- Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital expenditures of $112,900, cash dividends of $35,800, and average maturities of long-term debt over the next 5 years of $122,300. What is Chasses free cash flow and cash flow adequacy ratio? a. $94,300 and 0.77, respectively c. $130,100 and 1.06, respectively b. $94,300 and 0.82, respectively d. $165,900 and 1.36, respectivelySwasey Company earned net income of 1,800,000 in 20X2. Swasey provided the following information: Required: Compute the financing cash flows for the current year.The comparative balance sheet of Prime Sports Gear, Inc., at December 31, the end of the fiscal year, is as follows: Additional data obtained from the records of Prime Sports Gear are as follows: a. Net income for 2013 was 121,610. b. Depreciation reported on income statement for 2013 was 46,500. c. Purchased 165,000 of new equipment, putting 90,000 cash down and issuing 75,000 of bonds for the balance. d. Old equipment originally costing 19,500, with accumulated depreciation of 7,950, was sold for 8,000. e. Retired 60,000 of bonds. f. Declared cash dividends of 64,000. g. Issued 1,500 shares of common stock at 27 cash per share. Open the file CASHFLOW from the website for this book at cengagebrain.com. First, enter the formulas. Then, complete the worksheet in the manner described next. According to the problem, cash increased from 39,600 to 67,210 during the year. This is a 27,610 increase. To record this increase on the worksheet, move to row 17. Since this is the first account you are analyzing, enter the letter a in column C. Then enter 27610 in column D (a debit since cash increased). This brings the year-end balance (column G) to 67,210, its proper balance. Now move to the bottom part of the statement where you see the categories Operating Activities, Investing Activities, and so on. The credit side of the entry has to be entered here. The proper space for this cash entry is on row 59. Enter the letter a in cell E59 and 27610 in cell F59. Notice the totals at the bottom of the page (row 60) now agree. The next account balance that changed is accounts receivable. It increased by 9,035. To enter this change on the worksheet, enter the letter b in cell C18 and 9035 in cell D18 (again, a debit since accounts receivable increased). This brings the year-end balance in column G to 121,250, its proper balance. The change in accounts receivable balance is an operating activity adjustment (as explained in your textbook). Enter the credit side of this entry in cells E34 and F34, and enter the explanation Increase in accounts receivable in cell A34. Note: Your textbook probably shows Net income as the first item under Operating Activities. We will get to that later. The sequence in which you enter items on this worksheet is not important. All other balance sheet accounts must be analyzed in the same manner, placing appropriate debit or credit entries in the top part of the worksheet to obtain the proper balances in column G, and then entering the second side of the entry in the appropriate row on the bottom part of the worksheet. You should use letter references to identify all entries. Also, you must enter a description of the entry in column A under the appropriate activity category. Although a sequence of analyzing the balance sheet from top to bottom is suggested here, this order is not necessary. As mentioned earlier, your textbook may specify a different sequence. Also, note that some accounts may have both debit and credit adjustments to them. The worksheet is not a substitute for a statement of cash flows, but it does provide you with all the numbers you need to properly prepare one. You will be done with your analysis when: a. The individual account balances at December 31, 2013, as shown on the worksheet (column G) equal those shown in the given problem data. b. The transaction column totals are equal (cells D60 and F60). c. The sum of the operating, investing, and financing activities (cell G59) equals the change in cash (cell D59 or F59). When you are finished, enter your name in cell A1. Save your completed file as CASHFLOW2. Print the worksheet when done. Also print your formulas. Check figure: Total credits at 12/31/2013 (cell G31), 860,460.
- Volbeat Corp. shows the following information on its 2015 income statement: sales = $255,000; costs = $156,000; other expenses = $7,900; depreciation expense = $15,600; interest expense = $14,800; taxes = $21,245; dividends = $12,000. In addition, you're told that the firm issued $6,300 in new equity during 2015 and redeemed $4,800 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 flow to stockholders?During 2010. Raines Umbrella Corp. had sales of $740,000. Cost of goods sold, administrativeand selling expenses, and depreciation expenses were S610,000, $105,000 & $140,000respectively. In addition, the company had an interest expense of $70,000 and tax rate of 35percent.a. What is Raines's net income for 2010?b. What is its operating cash now?c. Explain your results in (a) and (b)The Sandhill Company has disclosed the following financial information in its annual reports for the period ending March 31, 2017: sales of $1.423 million, cost of goods sold of $802,000, depreciation expenses of $175,000, and interest expenses of $89,575. Assume that the firm has an average tax rate of 35 percent. Compute the cash flows to investors from operating activity. (Round answer to 2 decimal places, e.g. 15.25.) Cash flow from operating activity $enter the Cash flow from operating activity rounded to 2 decimal places
- The company’s total assets at year-end 2016 were CHF 131,900 million. What reasonable conclusions an analyst might make about the companies efficiency, Companies solvency, Liquidity and Profitability? In millions of CHF Notes 2018 2017 * Sales 3 91,439 89,590 Cost of goods sold (46,070) (45,571) Trading operating profit 3 13,789 13,277 Operating profit 13,752 10,156 Profit before taxes, associates and joint ventures 12,991 9,460 Taxes 13 (3,439) (2,773) Profit for the year 10,468 7,511 Notes 2018 2017 * Assets Current assets Cash and cash equivalents 12/16 4,500 7,938 Short-term investments 12 5,801 655 Inventories 6 9,125 9,177 Trade and other receivables 7/12 11,167 12,036 Total current assets 41,003 31,884 Total non-current assets 96,012…Schwert Corp. shows the following information on its 2015 income statement: Sales = $215,000; COGS= $117,000; o Other operating expenses excluding Depreciation = $6,700; Depreciation expense=$18,400; Interest Expense=$10,000; Taxes = $25,370; Dividends =$9,500. Change in the cash balance from 2014 to 2015 is +$2,000. In addition, you're told that the firm issued $8,100 in new equity during 2015 and redeemed $7,200 in outstanding long-term debt. d. How much cash did Schwert generate from its operations? WCR = Working capital requirement Parts a-c were already posted and answered, just need dSchwert Corp. shows the following information on its 2015 income statement: Sales = $215,000; COGS= $117,000; o Other operating expenses excluding Depreciation = $6,700; Depreciation expense=$18,400; Interest Expense=$10,000; Taxes = $25,370; Dividends =$9,500. Change in the cash balance from 2014 to 2015 is +$2,000. In addition, you're told that the firm issued $8,100 in new equity during 2015 and redeemed $7,200 in outstanding long-term debt. a. What is the 2015 cash flow to creditors? What is the 2015 cash flow to stockholders? b. What is the 2015 cash flows from financing? c. If net fixed assets increased by $28,400 during the year, what was the change in WCR? Did WCR increase or decrease? d. How much cash did Schwert generate from its operations? WCR = Working capital requirement
- During 2015, Al-Ahd Corp. had sales of $950,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $670,000, $80,000, and $190,000, respectively. In addition, the company had an interest expense of $55,000 and a tax rate of 35 percent. use the above information to find the following; Operating Cashflow Gross profits Tax savings Earnings after tax Operating expenses Earnings before tax Tax liability Operating profitsThe Sunland Company has disclosed the following financial information in its annual reports for the period ending March 31, 2017: sales of $1.426 million, cost of goods sold of $815,000, depreciation expenses of $175,000, and interest expenses of $89,575. Assume that the firm has an average tax rate of 35 percent. Compute the cash flows to investors from operating activity. (Round answer to 2 decimal places, e.g. 15.25.) Cash flow from operating activity $During 2015, Protek Corporation had net sales of $500,000, net income of $50,000, average total assets of $700,000, dividend payments of $35,000, net cash flows from operating activities of $65,000, purchases of plant assets of $75,000, and sales of plant assets of $90,000. Free cash flow equals: