For questions 21-22, refer to the Income Statement below. What is the operating cash flow for2020?ABC Corporation2020 Income Statement ($ in millions)Net Sales26,500Cost of Goods Sold17,448Depreciation1,289Earnings before interest and taxes7,763Interest paid2,548Taxable Income5,215Less Taxes650Net Income4,565

The operating cash flow of the company can be calculated by subtracting operational expenses from…

Answered: For questions 21-22, refer to the…

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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108. Subject :- Accounting
The income statement of Barela Corporation for 2020 included the following items: Interest income P100,000; Salaries expense 85,000; Rent expense 18,000; The interest receivable, salaries payable and prepaid rent for the year were increased by P12,000, P3,000 and P 2,000 respectively. The cash paid for rental during 2020 was Choices; 18,000 16,000 20,000
Assume the company generated $3,400 in net operating profits after taxes. Using the information below, calculate the free cash flow for 2020. Balance Sheet as of December 31 (Millions of Dollars) 2020 2019 2020 2019 Assets Liabilities and Equity $900 Accounts payable Cash $1,026 $1,634 $1,436 Short-term Investments 90 100 Accruals 550 500 Accounts Receivable 1,968 1,726 Notes 645 575 payable Inventories 4,971 4,367 Total Current 2,829 2,511 Liabilities Total Current 8,055 7,093 Assets Long-term 2,173 2,815 debt Net plant and equipment १.943 8,733 Total Liabilities 5,002 5,326 Common Total Assets $17,998 $15.826 2.400 2,500 stock Retained earnings 10,595 8,000 Total common 12.995 10,500 equity Total liabilitics and $17.998 $15,826 cquity O $1.423 $1.739 O $1.467 O $1,534
The income statement of Barela Corporation for 2020 included the following items: Interest income P100,000; Salaries expense 85,000; Rent expense 18,000; The interest receivable, salaries payable and prepaid rent for the year were increased by P12,000, P3,000 and P 2,000 respectively. The cash paid for salaries during 2020 was Choices; 85,000 88,000 82,000
Free Cash Flows Rhodes Corporation’s financial statements are shown below. Rhodes Corporation: Income Statements for Year Ending December 31(Millions of Dollars) 2020 2019 Sales $ 13,000 $ 11,000 Operating costs excluding depreciation 11,604 9,684 Depreciation and amortization 340 320 Earnings before interest and taxes $ 1,056 $ 996 Less interest 180 100 Pre-tax income $ 876 $ 896 Taxes (25%) 219 224 Net income available to common stockholders $ 657 $ 672 Common dividends $ 201 $ 200 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2020 2019 Assets Cash $ 550 $ 500 Short-term investments 110 100 Accounts receivable 2,750 2,500 Inventories 1,450 1,300 Total current assets $ 4,860 $ 4,400 Net plant and equipment 3,850 3,500 Total assets $ 8,710 $ 7,900 Liabilities and Equity Accounts payable $ 1,100 $ 1,000 Accruals 550…
Cash Flow From AssetsIf your corporation's operating cash flow for 2020 is $7,300, net capital spending is $3,500, and your change in net working capital is $1,600, what is your 2020 cash flow from assets? Please show your formula and calculations in the space provided.
Hamad Corporation's total sales for 2022 were AED 800 million, and gross profit was AED 100 million, current assets AED 200 , cash AED 10 million, accounts receivables 90 million and account payable 40 million. Calculate accounts payable days , collection period, inventory days and accounts payable turn over.
Bloom Corporation had the following 2020 income statement. Sales revenue Cost of goods sold Gross profit Operating expenses (Includes depreclation of $21,000) $200,000 120,000 80,000 50,000 $30,000 Net Income The followtng accounts Increased during 2020: Accounts Recelvable $12,000, Inventory $11,000, Accounts Payable $13,000. Prepare the cash flows from operating activitles section of Bloom's 2020 statement of cash flows using the Indirect method. (- amounts hat decrease cash loe with eichers-sign e.g.-15,000 or in parenthesis e.g.(45,000).) Bloom Corporation Statement of Cash Flows-Indirect Method (Partial) Adjustments to reconctle net Income to
None
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Shamrock Corporation had the following 2020 income statement. Sales revenue $211,000 Cost of goods sold 108,000 Gross profit 103,000 Operating expenses (includes depreciation of $21,000) 50,000 Net income $53,000 The following accounts increased during 2020: Accounts Receivable $14,000, Inventory $11,000, and Accounts Payable $13,000. Prepare the cash flows from operating activities section of Shamrock's 2020 statement of cash flows using the direct method. Shamrock Corporation Statement of Cash Flows-Direct Method (Partial) 2$ > > >

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