General Accounting The 2014 balance sheet of TechVibe Electronics, Inc., showed long-term debt of $8.2 million, and the 2015 balance sheet showed long-term debt of $8.5 million. The 2015 income statement showed aninterest expense of $220,000. During 2015, the company had a cashflow to creditors of -$30,000, and the cash flow to stockholders forthe year was $80,000. Suppose you also know that the firm's netcapital spending for 2015 was $2,000,000 and that the firm reducedits net working capital investment by $100,000. What was the firm's2015 operating cash flow (OCF)?

Step 1: Define Operating Cash Flow (OCF)Operating Cash Flow (OCF) refers to the amount of cash…

Answered: The 2014 balance sheet of TechVibe…

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter12: Corporate Valuation And Financial Planning

Section: Chapter Questions

Problem 9P

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Financial Accounting
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Consider the following balance sheet for Go The Distance Trading Cards. Sales were $1,200,000 in the past year. Go The Distance Trading Cards Balance Sheet, 2013: Assets $ Current Assets $74,630.00 Net fixed Assets (Net PPE) $224,900.00 Total Assets $299,530.00 Liabilities and Shareholder Equity Current Liabilities $43,510.00 Long-term liabilities (Long term debt) $93,200.00 Total Liabilities $136,710.00 Shareholder equity $162,820.00 Total Liabilities and Shareholder Equity $299,530.00 What is the debt-to-asset ratio for this firm?
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The Booth Company's sales are forecasted to double from $1,000 in 2016 to $2,000 in 2017. Here is the December 31, 2016, balance sheet: Cash Accounts payable Accounts receivable Notes payable Inventories Accruals Net fixed assets Long-term debt Common stock Retained earnings Total liabilities and equity $50 150 50 400 100 250 Total assets $1000 $1000 Booth's fixed assets were used to only 50% of capacity during 2016, but its current assets were at their proper levels in relation to sales. All assets except fixed assets must increase at the same rate as sales, and fixed assets would also have to increase at the same rate if the current excess capacity did not exist. Booth's after-tax profit margin is forecasted to be 5% and its payout ratio to be 50%. What is Booth's additional funds needed (AFN) for the coming year? Round your answer to the nearest dollar. $ $ 100 200 200 500 360

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