Business, 10.03.2021 01:00 andreimru123123

22. Calculating Cash Flow Blue Diamond Industries had the following operating results for 2017; sales=$44,600; cost of goods sold= $247,500; depreciation expense= $4,630; interest expense= $1,050; dividends paid= $2,275. At the beginning of the year, net fixed assets were $27,510, current assets were $6,840, and current liabilities were $4,580. At the end of the year, net fixed assets were $35,610, current assets were $7,720, and current liabilities were $4,830. The tax rate was 40 percent. a. What was net income for 2017?
b. What was the operating cash flow for 2017?
c. What was the cash flow from assets for 2017? Is this possible? Explain.
d. If no new debt was issued during the year, what was the cash flow to creditors? What was the cash flow to stockholders? Explain and interpret the positive and negative signs of your answers in (a) through (d).

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 04:00

Burberry is pursuing a focused differentiation strategy aimed at high-end luxury customers. however, the company is also employing a segmentation strategy to separate customers within that focus. the strategy offers items at an entry-level price point for customers who desire to be like celebrities such as sarah jessica parker as well as couture items for those richest and celebrity customers. what strategy is burberry pursuing?

Answers: 3

Answer

Business, 22.06.2019 10:00

Which term best fits the sentence? is the process of reasoning, analyzing, and making important decisions. it’s an important skill in making career decisions. a. critical thinking b. weighing pros and cons c. goal setting

Answers: 1

Answer

Business, 22.06.2019 13:20

In order to be thoughtful about the implementation of security policies and controls, leaders must balance the need to reduce with the impact to the business operations. doing so could mean phasing security controls in over time or be as simple as aligning security implementation with the business’s training events.

Answers: 3

Answer

Business, 22.06.2019 14:40

In the fall of 2008, aig, the largest insurance company in the world at the time, was at risk of defaulting due to the severity of the global financial crisis. as a result, the u.s. government stepped in to support aig with large capital injections and an ownership stake. how would this affect, if at all, the yield and risk premium on aig corporate debt?

Answers: 3

Answer

You know the right answer?

22. Calculating Cash Flow Blue Diamond Industries had the following operating results for 2017; sale...

Questions