The following information has been extracted from the financial statements of acompany.Net income in 2016 = $3,000Annual depreciation in 2016 = $1,000Interests in 2016= $500Working capital in 2016 = $4,000Working capital in 2015 = $5,000Net Fixed assets in 2016 $70,000Cumulative depreciation in 2016 = $5,000Gross fixed assets in 2015 = $60,000There is no other long-term assets in the balance sheets of 2015 and 2016.=What is the Cash Flow From Assets (CFFA) for 2016? When answering thequestion (filling in the blank), DO NOT use dollar signs, USE commas to separatethousands, DO NOT use parenthesis to denote negative numbers, USE thenegative sign in front of first digit for negative numbers. Round to the nearestdollar.

Cash flow from assets is free cash flow available in the company and can be obtained from operating…

Answered: company. Net income in 2016 = $3,000…

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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Similar questions

The consolidated balance sheets for Lloyd Lumber Company at the beginning and end of 2015 follow. The company bought $50 million worth of fixed assets. The charge for depreciation in 2015 was $10 million. Net income was $33 mil- lion, and the company paid out $5 million in dividends a. Fill in the amount of the source or use in the appropriate column. b. Prepare a statement of cash flows. c.Briefly summarize your findings.
SOL Company reported net income for 2016 in the amount of $200,000. The company’s financial statements also included the following: Increase in accounts receivable $ 40,000 Decrease in inventory 30,000 Increase in accounts payable 100,000 Depreciation expense 52,000 Gain on sale of land 74,000 What is net cash provided by operating activities under the indirect method? a. $216,000 b. $268,000 c. $290,000 d. $416,000
The Cash Flow from Operating Activities on Moore’s statement of cash flows for 2018 was $8,000,000. For 2018, depreciation on fixed assets was $3,800,000, amortization of intangibles was $100,000 and gains on the sale of fixed assets were $22,000. Based on the preceding information, Moore’s net income for 2018 was:
Vaughn Company reported net income of $112000 for the year ended December 31, 2020. During the year, inventories decreased by $14600, accounts payable decreased by $20500, depreciation expense was $17800 and a gain on disposal of equipment of $9500 was recorded. Net cash provided by operating activities in 2020 using the indirect method was O $123900. O $105900. O $126600. O $114400.
create a statement of cash flows with the given information: Scruggs, Inc. Balance Sheet December 31, 2017 2016 Cash $17,000 $12,000 Account receivable 60,000 40,000 Inventory 84,000 70,000 Prepaid expenses 6,000 4,000 Property, Plant & Equipment 250,000 210,000 Accumulated depreciation (60,000) (48,000) $357,000 $288,000 Accounts payable $35,000 $40,000 Interest payable 3,000 4,000 Income taxes payable 22,000 12,000 Bonds payable (due in 2020) 90,000 64,000 Common Stock $5 par 95,000 80,000 Retained Earnings 112,000 88,000 $357,000 $288,000…
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Silverago Incorporated, an international metals company, reported a loss on the sale of equipment of $2 million in 2010. In addition, the company’s income statement shows depreciation expense of $8 million and the cash fl ow statement shows capital expenditure of $10 million, all of which was for the purchase of new equipment. Using the following information from the comparative balance sheets, how much cash did the company receive from the equipment sale? Balance Sheet Item 12/31/2009 12/31/2010 Change Equipment $100 million $105 million $5 million Accumulated depreciation—equipment $40 million $46 million $6 million A . $1 million.
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