Each of the following questions relate to the operations of Crandall Oil Exploration (COE) in 2022...

 

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Each of the following questions relate to the operations of Crandall Oil Exploration (COE) in 2022 (all amounts in $ thousands). The COE 2022 income statement recorded total revenue of $11,254, operating expenses of $4,369, depreciation of $245, interest expense of $26. The balance sheets from 2021 and 2022 implied net working capital increased by $45, long-term debt outstanding increased by $458, and using the income statement and balance sheets together, we can infer that net fixed capital expenditure was $5689. COE faced a corporate tax rate of 21%. a. (1 point) What was the COE operating cash flow in 2022? b. (2 points) What is the cash flow to COE shareholders for 2022? Each of the following questions relate to the operations of Crandall Oil Exploration (COE) in 2022 (all amounts in $ thousands). The COE 2022 income statement recorded total revenue of $11,254, operating expenses of $4,369, depreciation of $245, interest expense of $26. The balance sheets from 2021 and 2022 implied net working capital increased by $45, long-term debt outstanding increased by $458, and using the income statement and balance sheets together, we can infer that net fixed capital expenditure was $5689. COE faced a corporate tax rate of 21%. a. (1 point) What was the COE operating cash flow in 2022? b. (2 points) What is the cash flow to COE shareholders for 2022?

Answer rating: 100% (QA)

a To calculate the operating cash flow for COE in 2022 we use the following formula Operating Cash F... View the full answer