Question

Corp. reported EBITDA of $2,496,000 for the fiscal year ended December 31, 2019. During the same...

Corp. reported EBITDA of $2,496,000 for the fiscal year ended December 31, 2019. During the same period, the company had $158,000 in interest expense, $687,000 in depreciation and amortization expense, and an average corporate tax rate of 25 percent. What was the cash flow to investors from operating activity (CFOA) during 2019? (round to the nearest dollar. )

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Ayayai Corp. reported a net loss of $14100 for the year ended December 31, 2022. During...
Ayayai Corp. reported a net loss of $14100 for the year ended December 31, 2022. During the year, accounts receivable decreased $7050, inventory increased $11280, accounts payable increased by $14100, and depreciation expense of $8460 was recorded. During 2022, operating activities used net cash of $9870. used net cash of $4230. provided net cash of $4230. provided net cash of $9870.
For the fiscal year ended December 31, 2019, a company reported Net Income of $7,000,000. The...
For the fiscal year ended December 31, 2019, a company reported Net Income of $7,000,000. The Dillie company had 3,000,000 shares of $1 par value common stock outstanding all year. In addition, the company had $500,000 par value of 10% cumulative, non-convertible preferred stock outstanding all year. In December 2019, the company declared and paid a preferred dividend of $50,000, as well as a $0.10 per share dividend to common shareholders. Furthermore, on January 1, 2019 the company issued at...
Patterson Brothers recently reported an EBITDA of $16.5 million and net income of $6.6 million. It...
Patterson Brothers recently reported an EBITDA of $16.5 million and net income of $6.6 million. It had $1.5 million of interest expense, and its corporate tax rate was 25%. What was its charge for depreciation and amortization? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Do not round intermediate calculations. Round your answer to the nearest dollar, if necessary.
Patterson Brothers recently reported an EBITDA of $19.5 million and net income of $7.8 million. It...
Patterson Brothers recently reported an EBITDA of $19.5 million and net income of $7.8 million. It had $1.5 million of interest expense, and its corporate tax rate was 25%. What was its charge for depreciation and amortization? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Do not round intermediate calculations. Round your answer to the nearest dollar, if necessary
Cheyenne Corp.’s income statement for the year ended December 31, 2020, had the following condensed information:...
Cheyenne Corp.’s income statement for the year ended December 31, 2020, had the following condensed information: Service revenue $773,600 Operating expenses (excluding depreciation) $497,000 Depreciation expense 57,000 Unrealized loss on FV-NI investments 4,500 Loss on sale of equipment 12,100 570,600 Income before income taxes 203,000 Income tax expense 52,000 Net income $151,000 There were no purchases or sales of trading (FV-NI) investments during 2020. Cheyenne’s statement of financial position included the following comparative data at December 31: 2020 2019 FV-NI...
Patterson Brothers recently reported an EBITDA of $10.5 million and net income of $1.8 million. It...
Patterson Brothers recently reported an EBITDA of $10.5 million and net income of $1.8 million. It had $2.0 million of interest expense, and its corporate tax rate was 40%. What was its charge for depreciation and amortization? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Do not round intermediate calculations. Round your answer to the nearest dollar, if necessary.
Patterson Brothers recently reported an EBITDA of $15.5 million and net income of $3.9 million. It...
Patterson Brothers recently reported an EBITDA of $15.5 million and net income of $3.9 million. It had $2.0 million of interest expense, and its corporate tax rate was 40%. What was its charge for depreciation and amortization? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. Do not round intermediate calculations.
Patterson Brothers recently reported an EBITDA of $17.5 million and net income of $2.8 million. It...
Patterson Brothers recently reported an EBITDA of $17.5 million and net income of $2.8 million. It had $2.0 million of interest expense, and its corporate tax rate was 30%. What was its charge for depreciation and amortization? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. Do not round intermediate calculations.
Income Statement Covid Company for the year ended December 31, 2019 shows sales revenue $6,000,000 and...
Income Statement Covid Company for the year ended December 31, 2019 shows sales revenue $6,000,000 and COGS $3,800,000 . Accounts receivable increased $250,000 during the year, and inventory decreased $300,000. Accounts payable to suppliers of merchandise decreased $450,000 during the year. Accrued expenses payable decreased $90,000 during the year. Operating expenses include depreciation expense of $1,600,000. Depreciation expense was $100,000. Prepare Statement of Cash Flow Operating Activities Section for Covid Company.
Following are selected balance sheet accounts of Monty Bros. Corp. at December 31, 2020 and 2019,...
Following are selected balance sheet accounts of Monty Bros. Corp. at December 31, 2020 and 2019, and the increases or decreases in each account from 2019 to 2020. Also presented is selected income statement information for the year ended December 31, 2020, and additional information. Selected balance sheet accounts Assets 2020 2019 Increase (Decrease) Accounts receivable $34,400 $23,900 $10,500 Property, plant, and equipment 279,500 247,600 31,900 Accumulated depreciation—plant assets (179,800 ) (168,500 ) (11,300 ) Liabilities and stockholders’ equity 2020...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT