Question: Last year Z B Paints reported its net income as 650 000

Last year, Z&B Paints reported its net income as $650,000. A review of its income statement shows that Z&B’s operating expenses (fixed and variable), excluding depreciation and amortization, were $1,500,000; its depreciation and amortization expense was $300,000; and its company’s tax rate was 35 percent. Z&B has no debt—that is, the firm is financed with stock only.
a. What were Z&B’s sales revenues last year?
b. What was Z&B’s net cash flow last year?
c. What was Z&B’s operating cash flow last year?

View Solution:

Sale on SolutionInn
  • CreatedNovember 24, 2014
  • Files Included
Post your question