Hammett, Inc., has sales of $34,630, costs of $10,340, depreciation expense of $2,520and interest expense of $1,750. If the tax rate is 35 percent. (Enter your answer asdirected, but do not round intermediate calculations.)Required:What is the operating cash flow? (Round your answer to the nearest whole number,e.g. 32.)Operating cash flow

Operating cash flows = NOPAT + Depreciation = EBIT x (1 - Tax rate) + Depreciation = (Sales - Costs…

Answered: Hammett, Inc., has sales of $34,630,…

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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Please let me know which part of the cash flow calculations or cashflow statement setup/structure that I am doing wrong. The cashflow change should be $86,000(from the balance sheet) but I got a total of -$159,000. Income statement Assets 20X1 20X0 Difference 20X1 20X0 Difference Net credit sales Current assets $7,200,000 $6,500,000 $700,000 Cash Cost of goods sold $450,000.00 $364,000.00 $86,000 4,320,000 3,900,000 $420,000 Accounts receivable—net Gross profit 692,000 625,000 $67,000 2,880,000 2,600,000 $280,000 Inventory Operating expenses (including income taxes) 723,000 610,000 $113,000 2,376,000 2,145,000 $231,000 Prepaid expenses Net income 50,000 70,000 ($20,000) $504,000 $455,000 $49,000 Total current assets 1,915,000 1,669,000 $246,000 Long-term investments Cash flow 150,000 20,000…
Lee Company has provided the following information: • Cash flow from operating activities, $258,000 .Net Income, $186.000 • Interest expense, $38,000 Interest cash payments, $28,000 • Income tax payments, $158,000 Income tax expense, $154.000 Using the modified method discussed in the text, what was Lee's cash coverage ratio? . Multiple Choice O O 15.86 16.07 8.04 6.50
Pls help stepwise thanks. ..
CC1) La Sorpresa, S.A., a leading local company, knows that in order to know the rotations necessary to quantify its cash cycle, it is essential to apply some financial ratios. So how often it pays its suppliers, how often it rotates its inventories, and how often it charges its customers, will have to be calculated with the following data: Total sales of the company..........................$4'586,109.47Proportion of credit sales....................... 60%Average customer balance............................. $ 343,958.21Cost of sales ratio...................... 55%Average inventory balance...................... $ 420,393.37Average supplier balance................... $ 288,004.21Beginning Inventory................................................ $ 385,554.55 The company spends about $8.125 million in operating cycle investments. With this data it is necessary to calculate: 1) The operating cycle.2) The cash conversion cycle.3) The cash turnover.4) The minimum cash balance.
Please do not give solution in image format thanku
The Plaza Cafe has an operating cash flow of $83,770, depreciation expense of $43,514, and taxes paid of $21,590. A partial listing of its balance sheet accounts is as follows: What is the amount of the cash flow from assets? Beginning Ending Balance Balance Current assets $138,590 $129,204 Net fixed assets 599,608 597,913 Current liabilities 143,215 139,827 Long-term debt 408,660 402,120 Can the calculator and excel solution be provided?
Obtain free cash flow using the formula FCF = OCF - NFAI - NCAI
Can you prepare the cash flow statement for the year ended 2022 and comment on the performance and financial position of the company, using relevant items in the cash flow statement. Thanks in advance
hh.
a. Explain Cash Flow Statement, what are different cash flow classifications, define and differentiate with examples. 3 b. XYZ, Inc., has Total Assets equal to your $ ID, total assets turnover is 1.5, and D/E ratio of 1.5. If its Return to equity ratio is 20 percent, what is its net income? 7
1. Use the following excerpts from Nutmeg Company’s financial records to determine net cash flows from operating activities and net cash flows from investing activities. Net income this year $83,700 Purchased land this year 20,000 Sold investments this year 31,500 Original cost of investments that were sold 33,000 PLEASE NOTE: All whole dollar amounts will be with "$" and commas as needed (i.e. $12,345). Net cash flows from operating activities? Net cash flows from investing activities?
9) If total change in cash = $44,000, net operating cash flows = $22,000, and net investing cash flows= ($13,000); then net financing cash flows = A) $35,000. B) $45,000. C) $15,000. D) $25,000.

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