Vinny’s Overhead Construction had free cash flow during 2015 of $25.4 million. The change in gross fixed assets on Vinny’s balance sheet during 2015 was $7.0 million and the change in net operating working capital was $8.4 million. Using this information, fill in the blanks on Vinny’s income statement thatfollows.
Answer to relevant QuestionsUse the following information to find dividends paid to common stockholders during2015.A firm has an average collection period of 10 days. The industry average ACP is 25 days. Is this a good or poor sign about the management of the firm’s accounts receivable?A firm has an ROE of 20 percent. The industry average ROE is 12 percent. Is this a good or poor sign about the management of the firm?Maggie’s Skunk Removal Corp.’s 2015 income statement listed net sales = $12.5 million, gross profit of $6.9 million, EBIT = $5.6 million, net income available to common stockholders = $3.2 million, and common stock ...Calculate the times interest earned ratio for LaTonya’s Flop Shops, Inc., using the following information. Sales are $1.5 million, cost of goods sold is $600,000, depreciation expense is $150,000, other operating expenses ...
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