Help 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 ofWal-mart Company for 2017 is presented below (in millions). Calculate the free cash flow. IncomeStatement Data for 2017Net salesCost of goods sold$410,000308,0002,200(390)Selling and administrative expenses 78,000Interest expenseOther income (expense)Income tax expense 7,100Net income$14,310Balance Sheet Data (End of the Year)Current assets $48,000Non-current assets 122,000Total assets $170,000Current liabilities56,000Long-term debt44,000Total stockholders' equity70,000Total liabilities and stockholders' equityBeginning-of-Year BalancesTotal assets$162,000Total stockholders' equity65,000Current liabilities55,000Other DataTotal liabilities 97,000Average net accounts receivableAverage inventory 32,900Net cash provided by operating activitiesCapital expendituresDividends12,4003,900$170,000$3,90026,600

Step 1:Net Cash Flow is the difference between a company's cash inflows and cash outflows for a…

Answered: Kendall Corners Inc. recently reported…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Use the following information to answer this question. Windswept, Inc.2017 Income Statement($ in millions) Net sales $ 9,390 Cost of goods sold 7,660 Depreciation 455 Earnings before interest and taxes $ 1,275 Interest paid 100 Taxable income $ 1,175 Taxes 411 Net income $ 764 Windswept, Inc.2016 and 2017 Balance Sheets($ in millions) 2016 2017 2016 2017 Cash $ 210 $ 240 Accounts payable $ 1,290 $ 1,335 Accounts rec. 960 860 Long-term debt 1,080 1,280 Inventory 1,750 1,665 Common stock 3,300 3,190 Total $ 2,920 $ 2,765 Retained earnings 620 870 Net fixed assets 3,370 3,910 Total assets $ 6,290 $ 6,675 Total liab. & equity $ 6,290 $ 6,675 What is the quick ratio for 2017?
Use the following information to answer this question. Windswept, Inc.2017 Income Statement($ in millions) Net sales $ 9,000 Cost of goods sold 7,350 Depreciation 360 Earnings before interest and taxes $ 1,290 Interest paid 87 Taxable income $ 1,203 Taxes 421 Net income $ 782 Windswept, Inc.2016 and 2017 Balance Sheets($ in millions) 2016 2017 2016 2017 Cash $ 160 $ 190 Accounts payable $ 1,150 $ 1,332 Accounts rec. 840 740 Long-term debt 1,000 1,233 Inventory 1,570 1,565 Common stock 3,190 2,910 Total $ 2,570 $ 2,495 Retained earnings 470 720 Net fixed assets 3,240 3,700 Total assets $ 5,810 $ 6,195 Total liab. & equity $ 5,810 $ 6,195 What is the equity multiplier for 2017?
Use the following Information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $8,600 Cost of goods sold 7,250 Depreciation 340 Earnings before interest and taxes $1,010 Interest paid 85 Taxable income $ 925 Таxes 324 Net income $ 601 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 130 $ 120 Accounts payable $1,150 $1,192 Accounts rec. 900 720 Long-term debt 1,010 1,243 1,545 Common stock $2,530 $2,385 Retained earnings Inventory 1,500 3,190 2,890 Total 450 700 Net fixed assets 3,270 3,640 Total assets $5,800 $6,025 Total liab. & equity $5,800 $6,025
Use the following information to answer this question. Bayside, Inc.2017 Income Statement($ in thousands) Net sales $ 6,040 Cost of goods sold 4,200 Depreciation 400 Earnings before interest and taxes $ 1,440 Interest paid 30 Taxable income $ 1,410 Taxes 423 Net income $ 987 Bayside, Inc.2016 and 2017 Balance Sheets($ in thousands) 2016 2017 2016 2017 Cash $ 115 $ 220 Accounts payable $ 1,580 $ 1,510 Accounts rec. 990 830 Long-term debt 810 610 Inventory 1,705 2,040 Common stock 3,240 3,280 Total $ 2,810 $ 3,090 Retained earnings 880 1,130 Net fixed assets 3,700 3,440 Total assets $ 6,510 $ 6,530 Total liab. & equity $ 6,510 $ 6,530 What is the return on equity for 2017?
Use the following information to answer this question. Windswept, Inc.2017 Income Statement($ in millions) Net sales $ 9,750 Cost of goods sold 7,800 Depreciation 355 Earnings before interest and taxes $ 1,595 Interest paid 94 Taxable income $ 1,501 Taxes 450 Net income $ 1,051 Windswept, Inc.2016 and 2017 Balance Sheets($ in millions) 2016 2017 2016 2017 Cash $ 250 $ 270 Accounts payable $ 1,480 $ 1,732 Accounts rec. 1,050 950 Long-term debt 1,040 1,228 Inventory 1,720 1,630 Common stock 3,300 3,000 Total $ 3,020 $ 2,850 Retained earnings 620 870 Net fixed assets 3,420 3,980 Total assets $ 6,440 $ 6,830 Total liab. & equity $ 6,440 $ 6,830 Windswept, Inc., has 520 million shares of stock outstanding. Its price–earnings ratio for 2017 is 20. What is the market price per share of stock?
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts rec.. Inventory Total Net fixed assets Total assets $11,400 8,150 440 $ 2,810 108 $ 2,702 946 $1,756 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 320 $ 350 What is the equity multiplier for 2017? Accounts payable 1,190 1,090 Long-term debt 2,120 1,805 Common stock $3,630 $3,245 Retained earnings 3,560 4,180 $7,190 $7,425 Total liab. & equity 2016 2017 $1,950 $2,022 1,110 1,393. 3,440 3,070 690 940 $7,190 $7,425
Use the following information to answer this question. Windswept, Incorporated 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $ 10,950 8,000 425 $ 2,525 102 $ 2,423 848 $ 1,575 Windswept, Incorporated 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 Cash $ 290 $ 320 Accounts payable $ 1,830 2017 $ 1,887 Accounts receivable 1,130 1,030 Long-term debt 1,080 Inventory 2,030 1,760 Common stock Total $ 3,450 $ 3,110 Retained earnings 3,380 660 1,363 3,040 910 Net fixed assets 3,500 4,090 Total assets $ 6,950 $7,200 Total liability & equity $ 6,950 $ 7,200 What is the equity multiplier for 2017? Multiple Choice ○ 2.37 times ○ 1.35 times ○ 2.77 times ☐ 1.82 times о 3.60 times
Use the following information to answer this question. Windswept, Incorporated 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $ 9,200 7,390 305 $ 1,505 87 $ 1,418 425 $ 993 Windswept, Incorporated 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 Cash $ 240 $ 255 Accounts payable 2016 $ 1,380 2017 Accounts receivable 1,020 Inventory 1,620 730 1,640 Long-term debt Common stock Total $ 2,880 $ 2,625 Retained earnings 3,280 460 $ 1,315 1,130 1,400 3,010 710 Net fixed assets 3,370 3,810 Total assets $ 6,250 $ 6,435 Total liability & equity $ 6,250 $ 6,435 What were the total dividends paid for 2017? Multiple Choice $585 million $455 million $738 million $250 million $743 million
Use the following information from Eiffel Company’s financial statements. 2018 IncomeStatement BalanceSheets Sales $309,000 Cost of Goods Sold (145,000) Operating Expenses, other than Depreciation Expense (27,000) Depreciation expense (16,000) Gain on Sale of Plant Assets 16,000 Net Income $137,000 Dec. 31,2018 Accounts Receivable $45,300 Inventory 1,600 Accounts Payable 22,500 Accured Liabilities 900 Dec. 31, 2017 Accounts Receivable $22,250 Inventory 1,800 Accounts Payable 22,250 Accured Liabilities 1,150 Prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Eiffel Company Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Operating…
Calculate free cash flow for 2017 for Monarch Textiles, Inc., based on the financial information that follows. Assume that all current liabilities and that no fixed assets were sold or disposed of during 2017. (Round your answer to 1 liabilities are non-interest-bearing decimal places.) Sales Cost of sales Operating expenses Depreciation Income statement Interest expense Earnings before taxes Tax Net income Free cash flow Monarch Textiles, Inc. ($ thousands) 2017 1,250 750 125 60 50 265.00 106.00 159.00 Selected balance sheet items Current assets Net fixed assets Current liabilities 2016 350 120 225 2017 475 240 305

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