Minbari, Inc. shows the following information on its Y2019
income statement: Sales = $480,000; Cost of...
Minbari, Inc. shows the following information on its Y2019
income statement: Sales = $480,000; Cost of goods sold = $200,000;
Depreciation expense = $30,000; Interest expense = $50,000; Tax
rate = 20%; Dividends = $30,000. The firm issued $20,000 in new
equity, and used the amount to redeem $20,000 in outstanding
long-term debt.
What is the Y2019 operating cash flow (OCF) of Minbari,
Inc.?
a. $230,000.
b. $240,000.
c. $250,000.
d. $260,000.
Using the following information prepare a single and multistep
income statement. Cost of goods sold $1680.00,...
Using the following information prepare a single and multistep
income statement. Cost of goods sold $1680.00, General Expense
$900.00, Interest Expense $420.00, Interest Income $180.00, Net
sales $4,800.00, selling expense $1,110.00.
XYZ Inc. has the following income statement as of 2014.
Sales$7,035,000 Cost of goods sold (5,875,000)...
XYZ Inc. has the following income statement as of 2014.
Sales$7,035,000 Cost of goods sold (5,875,000) Other expenses
(550,000) EBITDA 609,000 Depreciation (116,000) EBIT
492,000Interest expense (70,000)EBT 422,000Tax (40%) (169,000)Net
Income $253,000
11. Calculate the Times-Interest-Earned (TIE) ratio of this
company. If the industry
average of this is 6.3x, what is your evaluation for this
company’s TIE ratio? (Closest
number)
a. 6.2 times; good
b. 6.2 times; bad
c. 7.03times; good
d. 7.03times; bad
Minbari, Inc. shows the following information on its Y2019
income statement: Sales = $480,000; Cost of...
Minbari, Inc. shows the following information on its Y2019
income statement: Sales = $480,000; Cost of goods sold = $200,000;
Depreciation expense = $30,000; Interest expense = $50,000; Tax
rate = 20%; Dividends = $30,000. The firm issued $20,000 in new
equity, and used the amount to redeem $20,000 in outstanding
long-term debt. What is the Y2019 cash flow to creditors of
Minbari, Inc.?
What is the Y2019 cash flow to stockholders of Minbari,
Inc.?
a. -$50,000.
b. -$10,000.
c....
An income statement consists of the following line items (in
millions):
Revenue
4,356
Cost of goods...
An income statement consists of the following line items (in
millions):
Revenue
4,356
Cost of goods sold
3,487
Operating expenses
428
Interest income
56
Interest expense
132
The firm pays no taxes. Prepare a reformulated income
statement that distinguishes items involved in operations from
those involved in financing activities.
income statement
Sales
205,000
cost of goods sold
-97,000
salaries expense
-24,000
depreciation expense
-16,000...
income statement
Sales
205,000
cost of goods sold
-97,000
salaries expense
-24,000
depreciation expense
-16,000
interest expense
-2,400
loss on equipment disposal
-2,500
net income
63,100
Statement of Retained Earnings
Beginning Balance - Retained Earnings
6,000
Plus - Net Income
63,100
Less - Dividends
(41,500)
Ending Balance - Retained Earnings
27,600
Balance sheets
2018
2019
change
Assets:
Cash
13,000
64,600
51,600
Accounts Receivable
25,000
19,000
(6,000)
Inventory
19,000
13,000
(6,000)
prepaid expenses
0
0
0
Equipment
60,000
41,000
(19,000)...
Minbari, Inc. shows the following information on its Y2019
income statement:
Sales = $480,000; Cost of...
Minbari, Inc. shows the following information on its Y2019
income statement:
Sales = $480,000; Cost of goods sold = $200,000; Depreciation
expense = $30,000; Interest expense = $50,000; Tax rate = 20%;
Dividends = $30,000. The firm issued $20,000 in new equity, and
used the amount to redeem $20,000 in outstanding long-term
debt.
What is the Y2019 net income of Minbari, Inc.?
$160,000.
$170,000.
$180,000.
$190,000.