Ranney Inc. has sales of $18,700, costs of $10,300, depreciation expense of $1,900, and interest expense of $1,250. If the tax rate is 40 percent, what is the operating cash flow?
Answer to relevant QuestionsGordon Driving School’s 2014 balance sheet showed net fixed assets of $1.65 million, and the 2015 balance sheet showed net fixed assets of $1.73 million. The company’s 2015 statement of comprehensive income showed a ...If a company reports a 7 percent profit margin, a total asset turnover of 1.8, and a total debt ratio of 0.72, what are its ROA and ROE? In Problem 3.9, suppose the firm wishes to keep its debt-to-equity ratio constant. What is EFN now? The most recent financial statements for Moose Tours Inc. appear below. Sales for 2016 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate and the dividend payout ratio will also remain ...Assume that capital markets do not exist. Ryan has $70,000 today (t = 0) and will receive $90,000 in exactly one year (t = 1). The graph below illustrates point Y: having $70,000 now and receiving $90,000 next year. Here, if ...
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