Question

Prescott Football Manufacturing had the following operating results for 2019: sales = $30,674; cost of goods...

Prescott Football Manufacturing had the following operating results for 2019: sales = $30,674; cost of goods sold = $21,920; depreciation expense = $3,582; interest expense = $594; dividends paid = $889. At the beginning of the year, net fixed assets were $20,336, current assets were $2,149, and current liabilities were $4,886. At the end of the year, net fixed assets were $23,227, current assets were $4,557, and current liabilities were $3,237. The tax rate for 2019 was 21 percent.

a. What is net income for 2019?
b. What is the operating cash flow for 2019?
c. What is the cash flow from assets for 2019?
d. Assume no new debt was issued during the year. What is the cash flow to creditors for 2019?
e. Assume no new debt was issued during the year. What is the cash flow to stockholders for 2019?

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Titan Football Manufacturing had the following operating results for 2016: sales = $19,970; cost of goods...
Titan Football Manufacturing had the following operating results for 2016: sales = $19,970; cost of goods sold = $13,790; depreciation expense = $2,180; interest expense = $250; dividends paid = $740. At the beginning of the year, net fixed assets were $23,300, current assets were $3,130, and current liabilities were $1,880. At the end of the year, net fixed assets were $27,740, current assets were $3,660, and current liabilities were $1,970. The tax rate for 2016 was 30 percent. a....
Cusic Industries had the following operating results for 2019: sales = $34,722; cost of goods sold...
Cusic Industries had the following operating results for 2019: sales = $34,722; cost of goods sold = $24,408; depreciation expense = $6,037; interest expense = $2,730; dividends paid = $2,032. At the beginning of the year, net fixed assets were $19,980, current assets were $7,082, and current liabilities were $4,016. At the end of the year, net fixed assets were $24,538, current assets were $8,708, and current liabilities were $4,709. The tax rate was 21 percent. a. What is net...
Cusic Industries had the following operating results for 2015: sales = $28,260; cost of goods sold...
Cusic Industries had the following operating results for 2015: sales = $28,260; cost of goods sold = $19,410; depreciation expense = $4,980; interest expense = $2,340. At the beginning of the year, net fixed assets were $16,830, current assets were $5,790, and current liabilities were $3,240. At the end of the year, net fixed assets were $20,310, current assets were $7,116, and current liabilities were $3,870. The tax rate for 2015 was 30 percent. a. What was Net Income for...
Blue Diamond Industries had the following operating results for 2017: sales = $29,580; cost of goods...
Blue Diamond Industries had the following operating results for 2017: sales = $29,580; cost of goods sold = $19,610; depreciation expense = $5,140; interest expense = $2,490; dividends paid = $1,300. At the beginning of the year, net fixed assets were $17,030, current assets were $5,830, and current liabilities were $3,400. At the end of the year, net fixed assets were $20,510, current assets were $7,604, and current liabilities were $3,950. The tax rate was 30 percent. a. What was...
Cardinal Industries had the following operating results for 2018: Sales = $33,106; Cost of goods sold...
Cardinal Industries had the following operating results for 2018: Sales = $33,106; Cost of goods sold = $23,624; Depreciation expense = $5,877; Interest expense = $2,650; Dividends paid = $1,888. At the beginning of the year, net fixed assets were $19,820, current assets were $6,970, and current liabilities were $3,920. At the end of the year, net fixed assets were $24,394, current assets were $8,612, and current liabilities were $4,575. The tax rate for 2018 was 22 percent. a. What...
Cardinal Industries had the following operating results for 2018: Sales = $33,813; Cost of goods sold...
Cardinal Industries had the following operating results for 2018: Sales = $33,813; Cost of goods sold = $23,967; Depreciation expense = $5,947; Interest expense = $2,685; Dividends paid = $1,951. At the beginning of the year, net fixed assets were $19,890, current assets were $7,019, and current liabilities were $3,962. At the end of the year, net fixed assets were $24,457, current assets were $8,654, and current liabilities were $4,628. The tax rate for 2018 was 22 percent. a. What...
Cardinal Industries had the following operating results for 2018: Sales = $34,924; Cost of goods sold...
Cardinal Industries had the following operating results for 2018: Sales = $34,924; Cost of goods sold = $24,506; Depreciation expense = $6,057; Interest expense = $2,740; Dividends paid = $2,050. At the beginning of the year, net fixed assets were $20,000, current assets were $7,096, and current liabilities were $4,028. At the end of the year, net fixed assets were $24,556, current assets were $8,720, and current liabilities were $4,727. The tax rate for 2018 was 23 percent.    a....
Zigs Industries had the following operating results for 2015: sales = $26183; cost of goods sold...
Zigs Industries had the following operating results for 2015: sales = $26183; cost of goods sold = $16153; depreciation expense = $4913; interest expense = $2465; dividends paid = $1899. At the beginning of the year, net fixed assets were $17581, current assets were $5367, and current liabilities were $3941. At the end of the year, net fixed assets were $20981, current assets were $7870, and current liabilities were $3054. The tax rate for 2015 was 33 percent. If no...
zigs industries had the following operating results for 2011: sales=$27360, cost of goods sold=$19260;depreciation expense=$4,860;interest expense=...
zigs industries had the following operating results for 2011: sales=$27360, cost of goods sold=$19260;depreciation expense=$4,860;interest expense= $2190;dividends paid =$1560. at the beginning of the year, net fixed assets were $16380, current asset were $5760 and current liabilities were $3240. at the end of the year, net fixed assets were $20160, current assets were $7116 and current liabilities were $3780. the tax rate for 2011 was 34%. a. what is net income for 2011? b. what is the operating cash flow...
Stenabolic Industries had the following operating results for 2019: sales = $15,200; cost of goods sold...
Stenabolic Industries had the following operating results for 2019: sales = $15,200; cost of goods sold = $11,400; depreciation expense = $2,700; interest expense = $520; dividends paid = $600.  At the beginning of the year, net fixed assets were $9,100, current assets were $3,200, and current liabilities were $1,800.  At the end of the year, net fixed assets were $9,700, current assets were $3,850, and current liabilities were $2,100.  The tax rate for 2015 was 34%. What is net income for 2019?...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT