Question: Problem 2 - 1 9 Calculating Cash Flows [ LO 2 ] Martinez Industries had the following operating results for 2 0 2 4 :

Problem 2-19 Calculating Cash Flows [LO2]
Martinez Industries had the following operating results for 2024 : Sales =$34,015; Cost of goods sold =$24,065; Depreciation expense
=$5,967; Interest expense =$2,695; Dividends paid =$1,969. At the beginning of the year, net fixed assets were $19,910, current
assets were $7,033, and current liabilities were $3,974. At the end of the year, net fixed assets were $24,475, current assets were
$8,666, and current liabilities were $4,646. The tax rate for 2024 was 24 percent.
a. What is net income for 2024?
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.
b. What is the operating cash flow for 2024?
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.
c. What is the cash flow from assets for 2024?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to
the nearest whole number, e.g.,32.
d-1. If no new debt was issued during the year, what is the cash flow to creditors?
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.
d-2. If no new debt was issued during the year, what is the cash flow to stockholders?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to
the nearest whole number, e.g.,32.
 Problem 2-19 Calculating Cash Flows [LO2] Martinez Industries had the following

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!