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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