You have gathered this information on a firm: $512,000 sales, $11,200 cash dividends, $306,000 cost of goods sold, $22,400 administrative expense, $22,400 depreciation expense, $44,800 interest expense, $11,200 purchase of productive equipment, no changes in working capital, and a tax rate of 21% . What is the free cash flow? $91,956 $141,156 $147,956 $157,956
You have gathered this information on a firm: $512,000 sales, $11,200 cash dividends, $306,000 cost of goods sold, $22,400 administrative expense, $22,400 depreciation expense, $44,800 interest expense, $11,200 purchase of productive equipment, no changes in working capital, and a tax rate of 21% . What is the free cash flow? $91,956 $141,156 $147,956 $157,956
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
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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Financial Ratios
A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.
Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
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