= Martinez Industries had the following operating results for 2024: Sales $34,520; Cost of goods sold $24,310; Depreciation expense = $6,017; Interest expense $2,720; Dividends paid $2,014. At the beginning of the year, net fixed assets were $19,960, current assets were $7,068, and current liabilities were $4,004. At the end of the year, net fixed assets were $24,520, current assets were $8,696, and current liabilities were $4,691. The tax rate for 2024 was 24 percent. a. What is net income for 2024? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. b. What is the operating cash flow for 2024? Note: 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 2024? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. d-1. If no new debt was issued during the year, what is the cash flow to creditors? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. d-2. If no new debt was issued during the year, what is the cash flow to stockholders? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. a. Net income $ 1,120 b. Operating cash flow $ 9,857 c. Cash flow from assets d-1. Cash flow to creditors $ 2,720 d-2. Cash flow to stockholders
= Martinez Industries had the following operating results for 2024: Sales $34,520; Cost of goods sold $24,310; Depreciation expense = $6,017; Interest expense $2,720; Dividends paid $2,014. At the beginning of the year, net fixed assets were $19,960, current assets were $7,068, and current liabilities were $4,004. At the end of the year, net fixed assets were $24,520, current assets were $8,696, and current liabilities were $4,691. The tax rate for 2024 was 24 percent. a. What is net income for 2024? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. b. What is the operating cash flow for 2024? Note: 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 2024? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. d-1. If no new debt was issued during the year, what is the cash flow to creditors? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. d-2. If no new debt was issued during the year, what is the cash flow to stockholders? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. a. Net income $ 1,120 b. Operating cash flow $ 9,857 c. Cash flow from assets d-1. Cash flow to creditors $ 2,720 d-2. Cash flow to stockholders
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 19P
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Martinez Industries had the following operating results for 2024: Sales $34,520; Cost of goods sold $24,310; Depreciation expense
=
$6,017; Interest expense $2,720; Dividends paid $2,014. At the beginning of the year, net fixed assets were $19,960, current
assets were $7,068, and current liabilities were $4,004. At the end of the year, net fixed assets were $24,520, current assets were
$8,696, and current liabilities were $4,691. The tax rate for 2024 was 24 percent.
a. What is net income for 2024?
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.
b. What is the operating cash flow for 2024?
Note: 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 2024?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to
the nearest whole number, e.g., 32.
d-1. If no new debt was issued during the year, what is the cash flow to creditors?
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.
d-2. If no new debt was issued during the year, what is the cash flow to stockholders?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to
the nearest whole number, e.g., 32.
a. Net income
$
1,120
b. Operating cash flow
$
9,857
c. Cash flow from assets
d-1. Cash flow to creditors
$
2,720
d-2. Cash flow to stockholders
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