Question:For Year 2019 a firm had sales of
$900,000, cost of goods sold of $685,000, depreciation...
Question
For Year 2019 a firm had sales of
$900,000, cost of goods sold of $685,000, depreciation...
ForYear 2019 a firm had sales of
$900,000, cost of goods sold of $685,000, depreciation expense of
$35,000, interest expense of $15,000, and dividends paid of
$18,800. At the beginning of the year, net fixed assets were
$580,000, current assets were $300,000, and current liabilities
were $140,000. At the end of the year, net fixed assets were
$640,000, current assets were $400,000, and current liabilities
were $200,000. The tax rate was 21%.
Income Statement
6(a)
What was the Operating Cash Flow for
2019?
sales
cogs
depr
ebit
int
taxable income
tax
net income
What was the Net Capital Spending for
2019?
6(b)
What was the Change in Net Working Capital for
2019?