1.What was the company's net operating working capital (NOWC) at the end of this year? 2. What...
Fantastic news! We've Found the answer you've been seeking!
Question:
1.What was the company's net operating working capital (NOWC) at the end of this year?
2. What was capital expenditure this year?
3. What was the free cash flow (FCF) this year?
Transcribed Image Text:
Below is the balance sheet for Glucose Control Company as of Dec. 31. The company had an EBIT of $84,000 and depreciation of $20,000 this year, and a tax rate of 35%. Assets Cash Cash equiv. A/R Inventory Curr. assets Machines Real estate 0+ decimals 6,000 42,000 33,600 49,800 57,000 34,000 40,800 80,000 80,000 Net fixed assets 114,000 120,800 Total assets Submit Last year This year 9,000 10,800 0+ decimals 0 Submit 0 5,400 Liabilities and Equity Part 1 What was the net operating profit after taxes this year? Accounts payable Notes payable Current liabilities Long-term debt Total liabilities Paid-in capital Retained earnings Equity 171,000 170,600 Liab. & equity Last This year year 20,000 22,000 6,000 26,000 28,000 95,000 80,000 121,000 108,000 20,000 20,000 30,000 42,600 50,000 62,600 171,000 170,600 6,000 Part 2 Attempt 1/10 for 10 pts. What was the company's net operating working capital (NOWC) at the end of last year? Attempt 1/10 for 10 pts. Below is the balance sheet for Glucose Control Company as of Dec. 31. The company had an EBIT of $84,000 and depreciation of $20,000 this year, and a tax rate of 35%. Assets Cash Cash equiv. A/R Inventory Curr. assets Machines Real estate 0+ decimals 6,000 42,000 33,600 49,800 57,000 34,000 40,800 80,000 80,000 Net fixed assets 114,000 120,800 Total assets Submit Last year This year 9,000 10,800 0+ decimals 0 Submit 0 5,400 Liabilities and Equity Part 1 What was the net operating profit after taxes this year? Accounts payable Notes payable Current liabilities Long-term debt Total liabilities Paid-in capital Retained earnings Equity 171,000 170,600 Liab. & equity Last This year year 20,000 22,000 6,000 26,000 28,000 95,000 80,000 121,000 108,000 20,000 20,000 30,000 42,600 50,000 62,600 171,000 170,600 6,000 Part 2 Attempt 1/10 for 10 pts. What was the company's net operating working capital (NOWC) at the end of last year? Attempt 1/10 for 10 pts.
Expert Answer:
Related Book For
Business Law Legal Environment Online Commerce Business Ethics and International Issues
ISBN: 978-0134004006
9th edition
Authors: Henry R. Cheeseman
Posted Date:
Students also viewed these finance questions
-
Kraft Foods Group Brands LLC (Kraft) is a well known manufacture of food products sold in more than 15,000 grocery stores located throughout the United States. Many of its packaged cheeses that are...
-
Liz Claiborne is a well known maker of sportswear in the United States. They do on average $1 billion dollars of business each year. They decided to enter into a contract to develop a fragrance line...
-
John Benson, age 40, is single. His Social Security number is 111-11-1111, and he resides at 150 Highway 51, Tangipahoa, LA 70465. John has a 5-year-old child, Kendra, who lives with her mother,...
-
Define price and name the various types of prices described in this chapter.
-
Section A in Table 20-2 indicates that the maximum percent of income tax is 35% of the taxable income. Calculate the income tax for a single person whose taxable income is $400,000. Calculate the tax...
-
Show \[\begin{aligned} \text { (a) } T \mathrm{~d} s & =c_{p} \mathrm{~d} T-T\left(\frac{\partial v}{\partial T} ight)_{p} \mathrm{~d} p \\ \text { (b) } T \mathrm{~d} s & =c_{v}\left(\frac{\partial...
-
Cindy gains utility from consumption C and leisure L. The most leisure she can consume in any given week is 110 hours. Her utility function is U(C, L) = C L. This functional form implies that Cindys...
-
Billy and Mandy Jones have $25,000 to invest. On average, they do not make any investment that will not return at least 7.5% per year. They have been approached with an investment opportunity that...
-
How does the concept of continuous extraction differ from batch extraction in terms of process efficiency and scalability, and what are the challenges associated with scaling up continuous extraction...
-
Penny Stafford, the owner of Belvi Coffee and Tea Exchange, located in Bellevue, Washington, brought an antitrust suit against Starbucks. She alleged that through its exclusive leases, Starbucks bans...
-
In a 2-sample z-test for two proportions, you find the following: X1=27 n1=200 X2 18 n2 150 You decide to run a test for which the alternative hypothesis is H: P1 P2. Find the appropriate p-value for...
-
Jack is Australian resident for tax purpose, and he works for DHL as delivery man in last few years. He is now considering to run his own delivery business as sole trader to start with. This is the...
-
Bombay Inc. developed a new product which analysts believe will result in rapid growth of 10% over the next 2 years, and then reach a steady growth rate of 6%. The company just paid a $2.50 dividend...
-
Pick an experience that you have had using excel. Briefly describe what was the business problem that you were trying to solve. This could be anything from creating a maximum sales record (using the...
-
The following income statement was drawn from the records of Franklin Company, a merchandising firm: FRANKLIN COMPANY Income Statement For the Year Ended December 31, Year 1 $1,092,000 Sales revenue...
-
In 2023, Kathleen Tweardy incurs $30,000 of interest expense related to her investments. Her investment income includes $7,500 of interest, $6,000 of qualified dividends, and a $12,000 net capital...
-
In reference to the load, how are inductors connected to help prevent voltage spikes and surges? Are inductors connected in parallel or in series with the load. Explain.
-
Give codons for the following amino acids: (a) Th (b) Asp (c) Thr
-
Darryl Kulwin was employed by Nova Stylings, Inc. (Nova), as a jewelry salesman. In that capacity, he traveled throughout the country, carrying with him jewelry owned and manufactured by Nova to show...
-
The Lipton Tea Co. (Lipton) was the second largest U.S. producer of herbal teas, controlling 32 percent of the national market. Lipton announced that it would acquire Celestial Seasonings, the...
-
The County of Contra Costa, California, held a tax sale in which it offered for sale a vacant piece of property located in the city of El Cerrito. Richard J. Schultz, a carpenter, saw the notice of...
-
The United States brought a lawsuit requesting forfeiture of a \($38.5\) million jet purchased by Teodoro Nguema Obiang Mangue (Nguema) because the government believed the jet had been purchased with...
-
Jose Medellin participated in the rape and murder of two teenage girls in Houston, Texas. He was arrested and read his Miranda rights, and he confessed. At the time, he was not informed that he could...
-
OBB Personenverkehr (OBB), the Austrian state-owned railway, carries about 235 million passengers a year on routes within wholly owned by OBB Holding Group, which in turn, is wholly owned by the...
Study smarter with the SolutionInn App