Answer please 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 liabilitiesLong-term debt44,00056,00070,000Total stockholders' equityTotal liabilities and stockholders' equityBeginning-of-Year Balances$162,000Total stockholders' equityTotal assets65,000Current liabilities55,000Total liabilities 97,000Other Data$170,000$3,90026,600Average net accounts receivableAverage inventory32,900Net cash provided by operating activitiesCapital expendituresDividends12,4003,900

Answered: Image /qna-images/answer/6af94bc6-5357-4960-a882-5e48bdf0a292.jpg

Answered: Kendall Corners Inc. recently reported…

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 15E

See similar textbooks

Similar questions

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 $6,025
Use the following information to answer this question. Windswept, Inc.2017 Income Statement($ 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, 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
WOODPECKER CORP. reported profit of P800,000 in 2018 under cash basis. The following items are relevant in converting the cash basis profit into accrual basis. Inventory, January 1 P1,000,000 Inventory, December 31 600,000 Receivables, January 1 300,000 Receivables, December 31 900,000 Payables increased by 500,000 How much is the profit under accrual basis of accounting? A. P500,000 B. P600,000 C. P700,000 D. P400,000
Cash flow from assets. Use the data from the following financial statements in the popup window, The company paid interest expense of $19,000 for 2017 and had an overall tax rate of 40% for 2017. Find the cash flow from assets for 2017, and break it into its three parts: operating cash flow, capital spending, and change in net working capital. The operating cash flow is $ (Round to the nearest dollar.) Data table Sales revenue $349,800 Cost of goods sold $142,000 Fixed costs $42,900 Selling, general, and administrative expenses Depreciation $28,100 $45,900 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS Cash Accounts receivable Inventories LIABILITIES $16,100 Notes payable $13,800 $27,800 Accounts payable $19,100 $47,900 Long-term debt $189,800 Fixed assets $368,100 OWNERS' EQUITY Accumulated depreciation $142,100 Retained earnings Intangible assets $82,000 Common stock $131,800 (Click on the following icon in…
Laflamme Inc. had the following operating results for 2018: sales $30,660; cost of goods sold = $20.260, depreciation expense = $5,660: interest expense = $3.090; dividends paid = $1,950. At the beginning of the year, net fixed assets were $17,480, current assets were $5.960, and current liabilities were $3.575. At the end of the year, net fixed assets were $21,160, current assets were $7,180, and current liabilities were $4,100. The tax rate for 2018 was 30 %. a. What is net income for 2018? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) Net income b. What is the operating cash flow for 2018? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) Operating cash flow c. What is the cash flow from assets for 2018? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) Cash flow from assets d. If no new debt was issued during the year, what is the cash flow to creditors? What is the cash…
Use the following excerpts from Victrolia Company’s financial information. 2018 Income Statment Balance Sheets Sales $475,000 Cost of Goods Sold (221,500) Operating Expenses, other thanDepreciation Expense (60,600) Depreciation Expense (21,000) Gain on Sale of Plant Assets 23,500 Net Income $195,400 Dec. 31,2018 Cash $347,450 Accounts Receivable 39,750 Inventory 33,000 Accounts Payable 17,550 Accured Liabilities 3,500 Dec. 31, 2017 Cash $133,500 Accounts Receivable 36,500 Inventory 35,000 Accounts Payable 19,550 Accured Liabilities 2,200 Additional Information: Plant assets were sold for $45,000; book value $16,500 Dividends of $22,000 were declared and paid Prepare a statement of cash flows (direct method) for the year 2018. Use the minus sign to indicate cash out flows, a decrease in cash or cash payments. Victrolia CompanyStatement of…
Use the following excerpts from Victrolia Company’s financial information. 2018 Income Statment Balance Sheets Sales $475,000 Cost of Goods Sold (221,500) Operating Expenses, other thanDepreciation Expense (60,600) Depreciation Expense (21,000) Gain on Sale of Plant Assets 23,500 Net Income $195,400 Dec. 31,2018 Cash $347,450 Accounts Receivable 39,750 Inventory 33,000 Accounts Payable 17,550 Accured Liabilities 3,500 Dec. 31, 2017 Cash $133,500 Accounts Receivable 36,500 Inventory 35,000 Accounts Payable 19,550 Accured Liabilities 2,200 Additional Information: Plant assets were sold for $45,000; book value $16,500 Dividends of $22,000 were declared and paid Cash Flow from Financing Activities: $Dividends Paid I just need the answer on dividends answer box?
In its income statement for the year ended December 31, 2025, Crane Inc. reported the following condensed data. Operating expenses Cost of goods sold Interest expense Income tax expense $711,000 1,247,000 61,000 38,000 Interest revenue Loss on disposal of plant assets Sales revenue Sales discounts $ 24,000 8,000 2,333,000 164,000 Prepare a multiple-step income statement. (List Other revenue and gains before Other expenses and losses.) CRANE INC. Income Statement For the Year Ended December 31, 2025
Use the following information from Eiffel Company's financial statements. 2018 Income Balance Statement Sheets Sales $309,000 Cost of Goods Sold (145,000) Operating Expenses, other than Depreciation Expense (27,000) Depreciation expense (15,000) Gain on Sale of Plant Assets 18,000 Net Income $140,000 Dec. 31,2018 Accounts Receivable $47,300 Inventory 1,600 Accounts Payable 24,500 Accured Liabilities 900 Dec. 31, 20O17 Accounts Receivable $23,250 Inventory 1,800 Accounts Payable 23,250 Accured Liabilities 1,150 Prepare the operating activities section of the statement of cash flows (indirect method) for tlte year 2018. U cash or cash payments. Eiffel Company
All sales were on account. Net cash provided by operating activities for 2017 was $234,000. Capital expenditures were $136,000, and cash dividends were $61,000. Compute the following ratios for 2017. (Round current ratio, earnings per share and asset turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%. Use 365 days in calculation.) Asset turnnover Debt to asset ratio Free cash flow

SEE MORE QUESTIONS

Recommended textbooks for you

Financial Accounting

Accounting

ISBN:

9781305088436

Author:

Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:

Cengage Learning

Financial Accounting: The Impact on Decision Make…

Accounting

ISBN:

9781305654174

Author:

Gary A. Porter, Curtis L. Norton

Publisher:

Cengage Learning

Financial Accounting Intro Concepts Meth/Uses

Finance

ISBN:

9781285595047

Author:

Weil

Publisher:

Cengage

Financial Accounting

Accounting

ISBN:

9781305088436

Author:

Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:

Cengage Learning

Financial Accounting: The Impact on Decision Make…

Accounting

ISBN:

9781305654174

Author:

Gary A. Porter, Curtis L. Norton

Publisher:

Cengage Learning

Financial Accounting Intro Concepts Meth/Uses

Finance

ISBN:

9781285595047

Author:

Weil

Publisher:

Cengage

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Cornerstones of Financial Accounting

Accounting

ISBN:

9781337690881

Author:

Jay Rich, Jeff Jones

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS