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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 $410,000 Cost of goods sold 308,000 Selling and administrative expenses 78,000 Interest expense 2,200 (390) 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 Total liabilities 97,000 Other Data $170,000 $3,900 26,600 Average net accounts receivable Average inventory 32,900 Net cash provided by operating activities Capital expenditures Dividends 12,400 3,900

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 $410,000 Cost of goods sold 308,000 Selling and administrative expenses 78,000 Interest expense 2,200 (390) 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 Total liabilities 97,000 Other Data $170,000 $3,900 26,600 Average net accounts receivable Average inventory 32,900 Net cash provided by operating activities Capital expenditures Dividends 12,400 3,900

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 $410,000 Cost of goods sold 308,000 Selling and administrative expenses 78,000 Interest expense 2,200 (390) 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 Total liabilities 97,000 Other Data $170,000 $3,900 26,600 Average net accounts receivable Average inventory 32,900 Net cash provided by operating activities Capital expenditures Dividends 12,400 3,900
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 $410,000 Cost of goods sold 308,000 Selling and administrative expenses 78,000 Interest expense 2,200 (390) 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 Total liabilities 97,000 Other Data $170,000 $3,900 26,600 Average net accounts receivable Average inventory 32,900 Net cash provided by operating activities Capital expenditures Dividends 12,400 3,900
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