EBK CFIN
5th Edition
ISBN: 9781305888036
Author: BESLEY
Publisher: CENGAGE LEARNING - CONSIGNMENT
expand_more
expand_more
format_list_bulleted
Question
thumb_up100%
Chapter 2, Problem 5PROB
Summary Introduction
To determine: Crooked Golf’s net cashflow
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
A-2 Ad’s most recent income statement shows that net income was $42,000, depreciation was $100,000, and taxes were $28,000. What was A-2 Ad’s net cash flow?
Finance is Fun, Inc recently reported net income of $4.2 million, depreciation of $750,000, and amortization of $100,000. What was its net cash flow?
A company has EBIT of $30,000, depreciation expense of $3,000, interest expense of $4,000, and taxes of $11,000. What is the company's operating cash flow?
Knowledge Booster
Similar questions
- In the current year, Harrisburg Corporation had net income of 35,000, a 9,000 decrease in accounts receivable, a 7,000 increase in inventory, an 8,000 increase in salaries payable, a 13,000 decrease in accounts payable, and 10,000 in depreciation expense. Using the indirect method, prepare the operating activities section of its statement of cash flows based on this information.arrow_forwardSwasey 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.arrow_forwardBarbell Corporation’s income statement reports that the company’s “bottom line” was $180,000 last year. The statement also shows that the company had depre- ciation and amortization expenses equal to $50,000 and taxes equal to $120,000. What was Barbell’s net cash flow?arrow_forward
- If the statement of cash flows shows the following, what is cash from operating activities? Profit for the year $97,500 Depreciation 40,000 Adjustments in non-cash working capital accounts (11,000)arrow_forwardThe net income for the year for Genesis, Inc. is $750,000,but the statement of cash flows reports that the net cashprovided by operating activities is $640,000. What mightaccount for the difference?arrow_forward. The Moon Company has total operating income of AED 60 million. The depreciation expense was AED 2 million and dividends were paid in the amount ofAED 10 million, accounts payables increased by AED 7 million, accounts receivables increased by AED 14 million, inventory increased by AED 17 million, interest expenses AED 2.1 million and tax rate 30%. What was the net cash flow from operating activities?arrow_forward
- Sanders Awnings reported net income of $90 million. Included in that number were depreciation expense of $3 million and a loss on the sale of equipment of $2 million. Records reveal increases in accounts receivable, accounts payable, and inventory of $1 million, $4 million, and $3 million, respectively. What were Sanders’ cash flows from operating activities?arrow_forwardBelow is the income statement data of SwiftTech Inc.: Sales $1,800 decrease in inventory $120 Depreciation $200 Increase in accounts receivable $60 increase in accounts payable $90 After tax profit margin 20% Loss on sale of equipment $40 Based on the above information, what is the Cash flow from operations for SwiftTech Inc.?arrow_forwardDuring the year, they had cash flow from operations of $75,000 and cash flow from investing of -$15,000. The purchase of PPE during the year was $17,000 and payment of dividends of $12,000. What is the free cash flow for the year? $59,000 $58,000 $60,000 $46,000arrow_forward
- Sectors, Inc., has an EBIT of $7,221,643 and interest expense of $611,800. Its depreciation for the year is $1,434,500. What is its cash coverage ratio?arrow_forwardNet income for the year for Carrie, Inc. was $750,000, butthe statement of cash flows reports that net cash providedby operating activities was $860,000. What might accountfor the difference?arrow_forwardHinck Corporation reported net cash provided by operating activities of $360,000, net cash used by investing activities of $250,000 (including cash spent for capital assets of $200,000), and net cash provided by financing activities of $70,000. Dividends of $140,000 were paid. Calculate free cash flow. What is the free cash flow ?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- College Accounting, Chapters 1-27AccountingISBN:9781337794756Author:HEINTZ, James A.Publisher:Cengage Learning,Managerial Accounting: The Cornerstone of Busines...AccountingISBN:9781337115773Author:Maryanne M. Mowen, Don R. Hansen, Dan L. HeitgerPublisher:Cengage LearningIntermediate Accounting: Reporting And AnalysisAccountingISBN:9781337788281Author:James M. Wahlen, Jefferson P. Jones, Donald PagachPublisher:Cengage Learning
College Accounting, Chapters 1-27
Accounting
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:Cengage Learning,
Managerial Accounting: The Cornerstone of Busines...
Accounting
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Cengage Learning
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:Cengage Learning