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Kendall Corners Inc. recently reported a net income of $3.1 million and depreciation of $527,000. What was its net cash flow? Assume it had no amortization expense. The selected financial data of Wal-mart Company for 2017 is presented below (in millions). Calculate the free cash flow. Income Statement Data for 2017 Net sales Cost of goods sold $410,000 308,000 2,200 (390) Selling and administrative expenses 78,000 Interest expense Other income (expense) Income tax expense 7,100 Net income $14,310 Balance Sheet Data (End of the Year) Current assets $48,000 Non-current assets 122,000 Total assets $170,000 Current liabilities 56,000 Long-term debt44,000 Total stockholders' equity 70,000 Total liabilities and stockholders' equity Beginning-of-Year Balances Total assets $162,000 Total stockholders' equity 65,000 Current liabilities 55,000 Other Data Total liabilities 97,000 Average net accounts receivable Average inventory 32,900 Net cash provided by operating activities Capital expenditures Dividends 12,400 3,900 $170,000 $3,900 26,600

Kendall Corners Inc. recently reported a net income of $3.1 million and depreciation of $527,000. What was its net cash flow? Assume it had no amortization expense. The selected financial data of Wal-mart Company for 2017 is presented below (in millions). Calculate the free cash flow. Income Statement Data for 2017 Net sales Cost of goods sold $410,000 308,000 2,200 (390) Selling and administrative expenses 78,000 Interest expense Other income (expense) Income tax expense 7,100 Net income $14,310 Balance Sheet Data (End of the Year) Current assets $48,000 Non-current assets 122,000 Total assets $170,000 Current liabilities 56,000 Long-term debt44,000 Total stockholders' equity 70,000 Total liabilities and stockholders' equity Beginning-of-Year Balances Total assets $162,000 Total stockholders' equity 65,000 Current liabilities 55,000 Other Data Total liabilities 97,000 Average net accounts receivable Average inventory 32,900 Net cash provided by operating activities Capital expenditures Dividends 12,400 3,900 $170,000 $3,900 26,600

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Kendall Corners Inc. recently reported a net income of $3.1 million and depreciation of $527,000. What was its net cash flow? Assume it had no amortization expense. The selected financial data of Wal-mart Company for 2017 is presented below (in millions). Calculate the free cash flow. Income Statement Data for 2017 Net sales Cost of goods sold $410,000 308,000 2,200 (390) Selling and administrative expenses 78,000 Interest expense Other income (expense) Income tax expense 7,100 Net income $14,310 Balance Sheet Data (End of the Year) Current assets $48,000 Non-current assets 122,000 Total assets $170,000 Current liabilities 56,000 Long-term debt44,000 Total stockholders' equity 70,000 Total liabilities and stockholders' equity Beginning-of-Year Balances Total assets $162,000 Total stockholders' equity 65,000 Current liabilities 55,000 Other Data Total liabilities 97,000 Average net accounts receivable Average inventory 32,900 Net cash provided by operating activities Capital expenditures Dividends 12,400 3,900 $170,000 $3,900 26,600
Transcribed Image Text:Kendall Corners Inc. recently reported a net income of $3.1 million and depreciation of $527,000. What was its net cash flow? Assume it had no amortization expense. The selected financial data of Wal-mart Company for 2017 is presented below (in millions). Calculate the free cash flow. Income Statement Data for 2017 Net sales Cost of goods sold $410,000 308,000 2,200 (390) Selling and administrative expenses 78,000 Interest expense Other income (expense) Income tax expense 7,100 Net income $14,310 Balance Sheet Data (End of the Year) Current assets $48,000 Non-current assets 122,000 Total assets $170,000 Current liabilities 56,000 Long-term debt44,000 Total stockholders' equity 70,000 Total liabilities and stockholders' equity Beginning-of-Year Balances Total assets $162,000 Total stockholders' equity 65,000 Current liabilities 55,000 Other Data Total liabilities 97,000 Average net accounts receivable Average inventory 32,900 Net cash provided by operating activities Capital expenditures Dividends 12,400 3,900 $170,000 $3,900 26,600
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