Question: Given the information for Anna s Tennis Shop Inc in the
Given the information for Anna’s Tennis Shop, Inc., in the previous two problems, suppose you also know that the firm’s net capital spending for 2012 was $945,000 and that the firm reduced its net working capital investment by $87,000. What was the firm’s 2012 operating cash flow, or OCF?
Answer to relevant QuestionsRitter Corporation’s accountants prepared the following financial statements for year-end 2012: RITTER CORPORATIONIncome Statement2012Revenue ......... $750Expenses .......... 565Depreciation ....... 90Net income ...Huang, Inc., is obligated to pay its creditors $10,900 very soon. a. What is the market value of the shareholders’ equity if assets have a market value of $12,400? b. What if assets equal $9,600?You are researching Time Manufacturing and have found the following accounting statement of cash flows for the most recent year. You also know that the company paid $ 98 million in current taxes and had an interest expense ...Y3K, Inc., has sales of $ 2,700, total assets of $ 1,310, and a debt– equity ratio of 1.20. If its return on equity is 15 percent, what is its net income?A company has net income of $ 265,000, a profit margin of 9.3 percent, and an accounts receivable balance of $ 145,300. Assuming 80 percent of sales are on credit, what is the company’s days’ sales in receivables?
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