I need the answer as soon as possible Kool Kites Inc.2018 statement of comprehensiveincome($ in millions)Net sales$1,384605Less: Cost of goods soldLess: DepreciationEarnings before interest and taxesLess: Interest paid18059980Taxable income519156$363$254Less: TaxesNet incomeAddition to retained earningsDividends paidKool Kites Inc.2017 and 2018 Statement of financial positions($ in millions)2017201820172018$350370$720Cash$121 Accounts payable425 Notes payable410 Total$956 Long-term debt1,704Owner's equityCommon stockRetainedearningsTotal$100$400390$790500Accounts rec.350InventoryTotal440$8901,556550Net fixed assets6005805568101,1561.390What is the firm's cash flow to stockholders for 2018 ($ in millions)?Multiple Choice$89$188$363$383$129

The net profit which is earned will be distributed as a dividend or added to the retained earnings.…

Kool Kites Inc. 2018 statement of comprehensive Income ($ in millions) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes $1,384 605 180 599 Less: Interest paid 80 Taxable income 519 156 $363 $254 Less: Taxes Net income Addition to retained earnings Dividends paid Kool Kites Inc. 2017 and 2018 Statement of financial positions ($ in millions) 2018 $121Accounts payable 425 Notes payable 410 Total $956 Long-term debt 1,704Owner's equity Common stock Retained earnings Total 2017 $100 350 440 2017 $400 390 $790 500 2018 Cash $350 370 $720 Accounts rec. Inventory Total Net fixed assets $890 550 1,556 600 556 580 810 1.156 1.390 What is the firm's cash flow to stockholders for 2018 ($ in millions)? Multiple Choice $89 $188 $363 $383 $129

Kool Kites Inc. 2018 statement of comprehensive Income ($ in millions) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes $1,384 605 180 599 Less: Interest paid 80 Taxable income 519 156 $363 $254 Less: Taxes Net income Addition to retained earnings Dividends paid Kool Kites Inc. 2017 and 2018 Statement of financial positions ($ in millions) 2018 $121Accounts payable 425 Notes payable 410 Total $956 Long-term debt 1,704Owner's equity Common stock Retained earnings Total 2017 $100 350 440 2017 $400 390 $790 500 2018 Cash $350 370 $720 Accounts rec. Inventory Total Net fixed assets $890 550 1,556 600 556 580 810 1.156 1.390 What is the firm's cash flow to stockholders for 2018 ($ in millions)? Multiple Choice $89 $188 $363 $383 $129

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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