= = Martinez Industries had the following operating results for 2021: Sales = $34,116; Cost $2,70 goods sold $24,114; Depreciation expense = $5,977; Interest expense Dividends paid = $1,978. At the beginning of the year, net fixed assets were $19,9: current assets were $7,040, and current liabilities were $3,980. At the end of the ye net fixed assets were $24,484, current assets were $8,672, and current liabilities w $4,655. The tax rate was 25 percent. a. b. What is net income for 2021? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) What is the operating cash flow for 2021? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. What is the cash flow from assets for 2021? (A negative answer should be indicat by a minus sign. Do not round intermediate calculations and round your answer the nearest whole number, e.g., 32.) d- If no new debt was issued during the year, what is the cash flow to creditors? (Do r 1. round intermediate calculations and round your answer to the nearest wh number, e.g., 32.) d- If no new debt was issued during the year, what is the cash flow to stockholders? 2. negative answer should be indicated by a minus sign. Do not round intermedia calculations and round your answer to the nearest whole number, e.g., 32.) a. Net income b. Operating cash flow c. Cash flow from assets d-1. Cash flow to creditors d-2. Cash flow to stockholders
= = Martinez Industries had the following operating results for 2021: Sales = $34,116; Cost $2,70 goods sold $24,114; Depreciation expense = $5,977; Interest expense Dividends paid = $1,978. At the beginning of the year, net fixed assets were $19,9: current assets were $7,040, and current liabilities were $3,980. At the end of the ye net fixed assets were $24,484, current assets were $8,672, and current liabilities w $4,655. The tax rate was 25 percent. a. b. What is net income for 2021? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) What is the operating cash flow for 2021? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. What is the cash flow from assets for 2021? (A negative answer should be indicat by a minus sign. Do not round intermediate calculations and round your answer the nearest whole number, e.g., 32.) d- If no new debt was issued during the year, what is the cash flow to creditors? (Do r 1. round intermediate calculations and round your answer to the nearest wh number, e.g., 32.) d- If no new debt was issued during the year, what is the cash flow to stockholders? 2. negative answer should be indicated by a minus sign. Do not round intermedia calculations and round your answer to the nearest whole number, e.g., 32.) a. Net income b. Operating cash flow c. Cash flow from assets d-1. Cash flow to creditors d-2. Cash flow to stockholders
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 19P
Related questions
Question
Transcribed Image Text:=
=
Martinez Industries had the following operating results for 2021: Sales = $34,116; Cost
$2,70
goods sold $24,114; Depreciation expense
=
$5,977; Interest expense
Dividends paid = $1,978. At the beginning of the year, net fixed assets were $19,9:
current assets were $7,040, and current liabilities were $3,980. At the end of the ye
net fixed assets were $24,484, current assets were $8,672, and current liabilities w
$4,655. The tax rate was 25 percent.
a.
b.
What is net income for 2021? (Do not round intermediate calculations and round
your answer to the nearest whole number, e.g., 32.)
What is the operating cash flow for 2021? (Do not round intermediate calculations
and round your answer to the nearest whole number, e.g., 32.)
c. What is the cash flow from assets for 2021? (A negative answer should be indicat
by a minus sign. Do not round intermediate calculations and round your answer
the nearest whole number, e.g., 32.)
d- If no new debt was issued during the year, what is the cash flow to creditors? (Do r
1. round intermediate calculations and round your answer to the nearest wh
number, e.g., 32.)
d- If no new debt was issued during the year, what is the cash flow to stockholders?
2. negative answer should be indicated by a minus sign. Do not round intermedia
calculations and round your answer to the nearest whole number, e.g., 32.)
a. Net income
b. Operating cash flow
c. Cash flow from assets
d-1. Cash flow to creditors
d-2. Cash flow to stockholders
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