1. Consider the following summary financial statements for Knickerdoodles Inc. for 2010 and 2011. Knickerdoodles, Inc....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
1. Consider the following summary financial statements for Knickerdoodles Inc. for 2010 and 2011. Knickerdoodles, Inc. 2010 2011 Sales $ 740 $ 785 COGS 430 460 Interest 33 35 Dividends 16 17 Depreciation Cash 250 210 70 75 Accounts receivables Current liabilities 563 502 390 405 Inventory Long-term debt Net fixed assets 662 640 340 410 1,680 1,413 Common stock 700 235 Таx rate 35% 35% a. What is the net working capital for 2011? b. What is the change in net working capital from 2010 to 2011? c. What is net capital spending for 2011? d. What is the operating cash flow for 2011? e. What is the cash flow of the firm for 2011? f. What is net new borrowing for 2011? g. What is the cash flow to creditors for 2011? 1. Consider the following summary financial statements for Knickerdoodles Inc. for 2010 and 2011. Knickerdoodles, Inc. 2010 2011 Sales $ 740 $ 785 COGS 430 460 Interest 33 35 Dividends 16 17 Depreciation Cash 250 210 70 75 Accounts receivables Current liabilities 563 502 390 405 Inventory Long-term debt Net fixed assets 662 640 340 410 1,680 1,413 Common stock 700 235 Таx rate 35% 35% a. What is the net working capital for 2011? b. What is the change in net working capital from 2010 to 2011? c. What is net capital spending for 2011? d. What is the operating cash flow for 2011? e. What is the cash flow of the firm for 2011? f. What is net new borrowing for 2011? g. What is the cash flow to creditors for 2011?
Expert Answer:
Answer rating: 100% (QA)
1635 w ENG 12082021 U387 Q S U V W Y 364 365 a NET WORKING CAPITAL 2011 CURRENT ASSETS CURRENT LI... View the full answer
Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
Posted Date:
Students also viewed these accounting questions
-
Consider the following summary of Sec. 1231 gains and losses recognized by Janet during the period 20122017. Janet had no nonrecaptured Sec. 1231 losses at the beginning of 2012. If Janet has no...
-
Consider the following summary of Sec. 1231 gains and losses recognized by Janet during the period 20112016. Janet had no nonrecaptured Sec. 1231 losses at the beginning of 2011. If Janet has no...
-
The following summary financial statistics were obtained from the 2012 Otago Bay Marine Motors (OBMM) annual report. 2012 ($ in millions) Sales revenue ......... 179.3 Total assets ........... 136.3...
-
Solve the right triangles with the given parts or state that there is not enough information to solve. Round off results according to Table 4.1. Refer to Fig. 4.37. B = 32.1, c = 238 Data from Table...
-
A study was conducted of 90 adult male patients following a new treatment for congestive heart failure. One of the variables measured on the patients was the increase in exercise capacity (in...
-
Determine the maximum normal stress developed in the bar when it is subjected to a tension of P = 2 kip. 0.125 in. 1.875 in. 1.25 in. r = 0.25 in. 0.75 in.
-
A heating element in a toaster dissipates \(900 \mathrm{~W}\) when run at \(120 \mathrm{~V}\). How much charge passes through the heating element in 1 minute?
-
Sunrise Pools and Spas manufactures fiber glass forms for in-ground pools and swim spas for all-season use. The company uses variable costing for internal management reports and absorption costing...
-
3. Two marbles (m = 0.050 kg each) moving on a table TOWARDS each other with the speed of 0.3 m/s collide, and start moving away from each other. a) What is the total momentum of this system before...
-
1. In what ways, if any, does the discussion in this case apply to managerial accountants rather than to CPAs? Explain your response. 2. In what ways, if any, does the discussion in this case apply...
-
Research the Harley-Davidson (H-D) Web site for each brand, and review the annual report for relevant details of the size, scope, target market, services and amenities, and other salient points of...
-
Jim Watanabe, assistant director of IT for Petrie Electronics, and the manager of the No Customer Escapes customer loyalty system project, was walking down the hall from his office to the cafeteria....
-
According to GASB 34, infrastructure fixed assets a. Must be capitalized and depreciated. b. Must be capitalized, but governments do not have to depreciate them. c. May be capitalized and...
-
Determine the annual net cost of these checking accounts: a. Monthly fee $5, check-processing fee of 25 cents, average of 19 checks written per month b. Annual interest of 2.5% paid if balance...
-
Why might 100 percent ownership of a subsidiary not give a company complete control?
-
Suppose that someone stole your ATM card and withdrew $650 from your checking account. How much money could you lose according to federal legislation if you reported the stolen card to the bank: (a)...
-
A sale of inventory on account affects which accounts on the seller's books? Select one: a.Sales, cash, and cost of goods sold all increase, and inventory decreases. b.Sales and cash both increase,...
-
Nitrogen monoxide reacts with hydrogen as follows: 2NO(g)+ H2(g) N2O(g) + H2O(g) The rate law is [H2]/ t = k[NO]2[H2], where k is 1.10 107 L2/(mol2s) at 826oC. A vessel contains NO and H2 at...
-
In 2014, Mark purchased two separate activities. Information regarding these activities for 2014 and 2015 is as follows: The 2014 losses were suspended losses for that year. During 2015, Mark also...
-
John owns a small farm on a lake. A local developer offers John $400,000 cash for his farm. The developer believes Johns farm will be very attractive to home buyers because it is on a lake. After...
-
Discuss what is meant by the term double taxation of corporations. Develop an example of double taxation using a corporation and shareholder.
-
Given the following information, answer the questions about this project: a. Draw the network as a Gantt chart. b. What is the critical path? Which activities have slack time? c. What would happen if...
-
Develop a Gantt chart with the following information. What is the expected duration of the project? What is the critical path? Activity Expected Duration Predecessors A BL 12 8 None None C 5 None D...
-
Suppose that you are a project manager asked to develop the network activity diagram and identify the critical path for a project based on the following information. Draw the activity network as a...
Study smarter with the SolutionInn App