A firm has the following balances on the balance sheet: Net fixed assets Current assets Current...
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A firm has the following balances on the balance sheet: Net fixed assets Current assets Current liabilities $ $ $ 2021 190,820 60,970 30,920 A. Calculate the operating cash flow. B. Calculate the cash flow from asset. C. Calculate the cash flow to stockholders. 2022 $ 440,394 $ 80,612 $ 40,575 Total sales is $1,500,000 with costs of $905,000. Depreciation is 45,000 and the tax rate is 34 percent. The firm does not have any interest expense. The company has paid 30% of the net income to shareholders as dividend. In 2022, it has sold $10,000 worth of common stock. A firm has the following balances on the balance sheet: Net fixed assets Current assets Current liabilities $ $ $ 2021 190,820 60,970 30,920 A. Calculate the operating cash flow. B. Calculate the cash flow from asset. C. Calculate the cash flow to stockholders. 2022 $ 440,394 $ 80,612 $ 40,575 Total sales is $1,500,000 with costs of $905,000. Depreciation is 45,000 and the tax rate is 34 percent. The firm does not have any interest expense. The company has paid 30% of the net income to shareholders as dividend. In 2022, it has sold $10,000 worth of common stock.
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Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
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