Question: Use the following information for the remaining problems. First, construct an income statement and two balance sheets. Enter all answers as whole dollar numbers with

Use the following information for the remaining problems.

First, construct an income statement and two balance sheets. Enter all answers as whole dollar numbers with no $ or commas (e.g. 20000). 2015 Sales = $60,000 2015 COGS = $25,000 2015 SG&A Expense = $10,000 2015 Depreciation Expense = $5,000 2015 Interest Expense = $3,000 Average Tax Rate = 30% Dividend Payout Ratio = 55% 2015 Current Assets = $24,000 and 2016 Current Assets = $27,000 2015 Net Working Capital = $5,000 Change in Net Working Capital = $1,000 2015 Total Fixed Assets = $100,000 2015 Accumulated Depreciation = $20,000 2015 Net Capital Spending = $12,000 2015 Long-term Debt = $40,000 2015 Common Stock = $22,000 2015 Cash Flow to Creditors = $1,000

What is the 2015 net income?

What is the 2015 Accumulated retained earnings?

What is 2016 Accumulated Retained Earnings?

What is 2015 Cash Flow to Shareholders?

What is the 2016 long term debt?

What is 2015 free cash flow?

Is there not enough information to answer the question.. That is my problem.

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!

Use the following information for the remaining problems. First, construct an income statement and two balance sheets. Enter all answers as whole dollar numbers with no $ or commas (e.g. 20000). 2015...

Sharpcollectedrentinadvanceof$525,000fromitstenantsduringthecurrentyear.TheadjustedbalanceintheUnearnedRentaccountincreasedfrom$245,000to$378,000duringtheyear.WhatisSharp'srevenuefromrentforthecurrent...

Debit Credit 21,000 58,000 33,000 35,000 14,000 3,000 8,800 352,500 15,000 10,000 Adjusted Trial Balance, Astro Inc. For the year ended December 31, 2017 (LISTED IN ALPHABETICAL ORDER) Accounts...

Where to get answers: Question 1 Net product sales reported on Amazon's income statement includes both cash sales and credit sales a. True b. False Question 2 At the most recent balance sheet date,...

PROBLEMS LOG A change 2000 a 5000 d (10,000) c 3000 d Problem 12-1 Statement of Cash Flows-Indirect Method The following balances are available for Chrisman Company: December 31 2017 2016 Cash $...

Need Overview Of 600 Words According Accounting Perspective. STATEMENT OF CASH FLOWS: PREPARATION, ANALYSIS & LINKAGES How was Lucky Cement Limited Company able to invest Rs. 5.6 billion in a...

please show how to fill in the blue boxes same information as question before Thank you in advance for helping to teach me Required Each of the following independent events requires a year-end...

CHAPTER ONE INTRODUCTION 1.1 Background to the Study Auditors are the third pair of eyes for people who use financial statements ( Uzuh,2008). The audit provides users of the financial statements...

Problem One: At time t = 0, a country has a total population P(0) = 80, 000 and has U(0) = 30, 000 urban residents. Some 12 years later, at time t = 12, the respective totals are P(12) = 110, 000 and...

(a) For the elevator of Example 7.9 (Section 7.2), what is the speed of the elevator after it has moved downward 1.00 m from point 1 in Fig. 7.17? (b) When the elevators 1.00 m below point 1 in Fig....

Charles has just started a new job. His employer requires that he contribute 2 percent of his salary to a qualified retirement plan and will match any additional contributions up to 3 percent....

What is the amount of money foregone by investing in one asset compared to another known as? The required rate of return on capital The opportunity cost of capital The overall cost of capital The...

The following employee: provid s information about: Human resources manager 1 . Production manager Purchasing manager 4 . 4 . 3 . Production manager and engineers 6 .

In your opinion, which myth about human relations holds back the development of human relations skills more than any of the others?

Of the three ways to handle human relations problems, which ones are the easiest and hardest for you?

Which persons contribution to the history of human relations do you find to be the most impressive?