6) For Year 2023 a firm had sales of $1,640,000, cost of goods sold of $1,085,000,...

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6) For Year 2023 a firm had sales of $1,640,000, cost of goods sold of $1,085,000, depreciation expense of $40,000, and interest expense of $15,000. At the beginning of the year, net fixed assets were $800,000, current assets were $425,000, and current liabilities were $325,000. At the end of the year, net fixed assets were $900,000, current assets were $550,000, and current liabilities were $400,000. The tax rate was 21%. Income Statement What was the Operating Cash Flow for 2022? 6(a) sales cogs depr b. What was the Net Capital Spending for 2022? ebit 6(b) int taxable income What was the Change in Net Working Capital for 2022? 6(c) tax net income d. What was the Cash Flow from Assets for 2022? 6(d) 6) For Year 2023 a firm had sales of $1,640,000, cost of goods sold of $1,085,000, depreciation expense of $40,000, and interest expense of $15,000. At the beginning of the year, net fixed assets were $800,000, current assets were $425,000, and current liabilities were $325,000. At the end of the year, net fixed assets were $900,000, current assets were $550,000, and current liabilities were $400,000. The tax rate was 21%. Income Statement What was the Operating Cash Flow for 2022? 6(a) sales cogs depr b. What was the Net Capital Spending for 2022? ebit 6(b) int taxable income What was the Change in Net Working Capital for 2022? 6(c) tax net income d. What was the Cash Flow from Assets for 2022? 6(d)

Answer rating: 100% (QA)

To calculate the Operating Cash Flow OCF Net Capital Spending Change in Net Working Capital and Cash Flow from Assets for the year 2022 we can use the ... View the full answer