Description Year 2016 500,000 Sales 300,000 Cost of goods sold Depreciation 65,000 Interest expense 15,000 Selling and administrative expenses 55,000 Equity (at the beginning of 2016) 197,250 Tax rate 30% Dividends payout 50% O $65,000 $145,500

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 41E: Determining Cash Flows from Investing Activities Burns Companys 2019 and 2018 balance sheets...
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Calculate operating cash flow for 2016 using the following information?
Amount ($)
Description
Year 2016
500,000
Sales
300,000
Cost of goods sold
65,000
Depreciation
Interest expense
15,000
Selling and administrative expenses
55,000
Equity (at the beginning of 2016)
197,250
Tax rate
30%
Dividends payout
50%
$65,000
$145,500
$125,500
$80,000
QUESTION 6
From the following table calculate net income after tax for 2016?
Click Save.and Submit to SGVE and submit. Click Sove All Answers to scve all answers
Transcribed Image Text:Remaining Question Completion Status: Calculate operating cash flow for 2016 using the following information? Amount ($) Description Year 2016 500,000 Sales 300,000 Cost of goods sold 65,000 Depreciation Interest expense 15,000 Selling and administrative expenses 55,000 Equity (at the beginning of 2016) 197,250 Tax rate 30% Dividends payout 50% $65,000 $145,500 $125,500 $80,000 QUESTION 6 From the following table calculate net income after tax for 2016? Click Save.and Submit to SGVE and submit. Click Sove All Answers to scve all answers
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