Calculating Cash Flow Prescott Football Manufacturing had the following operating result for 2019: sales=$29,874; cost of goods sold=$21,632; depreciation expense=$3,470; interest expense =$514; dividends paid=$825. At the beginning of the year, net fixed assets were $19,872, current assets were $3,557, and current liabilities were $3,110. At the end of the year, net fixed assets were $22,987, current assets were $4,381, and current liabilities were $2,981. The tax rate for 2019 was 24 percent. what is the net income for 2019? what is the operating cash flow for 2019? what is the cash flow from assets for 2019? Is this possible? Explain.
Calculating Cash Flow Prescott Football Manufacturing had the following operating result for 2019: sales=$29,874; cost of goods sold=$21,632; depreciation expense=$3,470; interest expense =$514; dividends paid=$825. At the beginning of the year, net fixed assets were $19,872, current assets were $3,557, and current liabilities were $3,110. At the end of the year, net fixed assets were $22,987, current assets were $4,381, and current liabilities were $2,981. The tax rate for 2019 was 24 percent. what is the net income for 2019? what is the operating cash flow for 2019? what is the cash flow from assets for 2019? Is this possible? Explain.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Calculating Cash Flow Prescott Football Manufacturing had the following operating result for 2019: sales=$29,874; cost of goods sold=$21,632;
- what is the net income for 2019?
- what is the operating cash flow for 2019?
- what is the cash flow from assets for 2019? Is this possible? Explain.
- If no new debt was issued during the year, what is the cash flow to creditors? What is the cash flow to stockholders? Example and interpret the positive and negative signs of your answer in parts (1) through (4).
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