Cusic Industries had the following operating results for 2018: sales = $19,900; cost of goods sold =
Question:
Cusic Industries had the following operating results for 2018: sales = $19,900; cost of goods sold = $14,200; depreciation expense = $2,700; interest expense = $670; dividends paid = $650. At the beginning of the year, net fixed assets were $15,340, current assets were $4,420, and current liabilities were $2,470. At the end of the year, net fixed assets were $16,770, current assets were $5,135, and current liabilities were $2,535. The tax rate for 2018 was 40 percent.
a. What is the net income for 2018? b. What is the operating cash flow for 2018?
c. What is the cash flow from assets for 2018? Is this possible? Explain.
d. If no new debt was issued during the year, what are the cash flow to creditors and cash flow to shareholders? Explain and interpret the positive and negative signs of your answers in parts (a) through (d).
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a The income statement is Income Statement Sales 19900 Cost of good sold 14200 Depreciation 2700 EBI...View the full answer
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Interest, debt, finance, and capital markets are all important concepts in the world of economics and business. Interest is the cost of borrowing money, and it is typically expressed as a percentage of the amount borrowed. Debt is the money that is borrowed, and it has to be repaid with interest. Finance is the study of how individuals, companies, and organizations manage their money and investments. Capital markets are the places where companies and governments can raise money by selling stocks and bonds to investors. These markets play an important role in the overall economy by helping to fund investment and growth.
