The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed $540,000 in the common stock account and $3.4 million in the additional paid-in surplus account. The 2021 balance sheet showed $580,000 and $3.8 million in the same two accounts, respectively. If the company paid out $500,000 in cash dividends during 2021, what was the cash flow to stockholders for the year? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Cash flow to stockholders

The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed $540,000 in the common stock account and $3.4 million in the additional paid-in surplus account. The 2021 balance sheet showed $580,000 and $3.8 million in the same two accounts, respectively. If the company paid out $500,000 in cash dividends during 2021, what was the cash flow to stockholders for the year? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Cash flow to stockholders

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter11: Investment Planning

Section: Chapter Questions

Problem 7FPE: Using the Value Line Investment Survey report in Exhibit 11.5, find the following information for...

See similar textbooks

Similar questions

What is the horizon value, i.e., the present value of all free cash flows from 2030 to infinity expressed in 2029-dollars (in $ million)? What is the total value of the company (in $ million)? What is the intrinsic value per share of common stock (in $)? Please Give Step by Step Solution Otherwise I give you DISLIKE !!
Assume that today is December 31, 2021. Use the following information that applies to Harrison Corporation to calculate what should be the company’s stock price today. After-tax operating income [EBIT (1 – T)] for 2022 is expected to be $850 million The depreciation expense for 2022 is expected to be $110 million The capital expenditures for 2022 are expected to be $650 million No change is expected in net working capital The free cash flow is expected to grow at a constant rate of 5.5% per year The required return on equity is 10% The WACC is 8% The firm has $150 million of non-operating assets The market value of the company’s debt is $3.25 billion 250 million shares of stock are outstanding Using the corporate valuation model approach, what should be the company’s stock price today?
During 2020, Dyrdek’s Skate Shop, Inc., had a cash flow to creditors of $55,000 and the cash flow to stockholders for the year was $60,000. Suppose you also know that the firm’s net capital spending for 2020 was $1,350,000, and that the firm reduced its net working capital investment by $65,000. What was the firm’s 2020 operating cash flow, or OCF?
Julia Prendergast Company expects the following for 2024: Net cash provided by operating activities of $152,000. Net cash provided by financing activities of $57,000. Net cash used for investing activities of $81,000 (no sales of long-term assets). Cash dividends paid to stockholders of $9,000. How much free cash flow does Prendergast expect for 2024? . . . .
Use the following information and the percent-of-sales method to answer this question. Below is the 2021 year-end balance sheet for Isaiah, Inc. Sales for 2021 were $1,600,000 and are expected to be $2,000,000 during 2022. In addition, we know that Isaiah Inc. plans to pay $90,000 in 2022 dividends and expects a projected net income of 4% of sales. (For consistency with the Answer selections provided, round your forecast percentages to two decimals.) How much is the projected current assets for 2022? Isaiah, Inc. Balance Sheet Assets Current assets Net fixed assets Total Liabilities and Owners' Equity Accounts payable Accrued expenses Notes payable Long-term debt Total liabilities Common stock (plus paid-in capital) Retained earnings Common equity Total O 1.260 M December 31, 2021 1.500 M O 1.000 M 1.120 M $890,000 1,000,000 $1,890,000 $160,000 100,000 700,000 300,000 1,260,000 360,000 270,000 630,000 $1,890,000
From the financial statements of Company A for the year 2022, we read the following information: Book value of equity = $100 millions, Net income = $20 millions. Distributed Cash dividend = $12 millions. There are 10 millions common shares of the company in circulation. Answer the following questions, assuming the required return of 10%. What would be its expected value at the end of 5 years, namely P5? a. 26.32 b. 15.62 c. 17.63 d . 10.65
The 2Ball's Co's sales are forecasted to double from P1,000,000 in 2020 to P2,000,000 in 2021. The figures in the Dec. 31,2020, balance sheet (in thousands) follows: Current Assets, P500; Net Fixed Assets, P500; Accounts Payable and Accruals, P100; Notes Payable, P150; Long-term debt, P400; Common Stock, P100; Retained Earnings, P250. The 2Balls fixed assets were used to only 50% of capacity in 2020, but its current assets were at their proper level in relation to sales. All assets except fixed assets must increase in 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. 2Balls' after tax profit margin is forecasted to be 5% and its payout ratio to be 60%. What is 2Balls Co.'s additional fund needed (AFN) for the coming year?
Aneles Inc.’s Balance Sheet as of December 31, 2020 is as follows: In 2020, the company reported sales of 3,000,000, Net Income of 60,000, and dividends of 10,000. Sales are projected to increase by 10% next year. Both Profit Margin and the Dividend Pay-Out Ratio will remain the same. Operations are at full capacity. Assume external fund will be raised through issuances of Long-Term Obligations or Bonds. A. How much Long-term Debt will the company have to issue next year? B. If the operations are not in full capacity, what will be AFN?
As a financial analyst, you have been tasked with evaluating Randy Watson Music's free cash flow. Based on the 2022 income statement, EBIT was $41 million, the tax rate was 21 percent, and its depreciation expense was $6 million. NOPAT gross fixed assets increased by $28 million from 2021 and 2022. The company's current assets increased by $18 million and current liabilities increased by $14 million. Calculate the operating cash flow (OCF) for 2022. (Enter your answer in millions of dollars.)
The Clifford Corporation’s 2023 income statement shows the following:a. Calculate the operating cash flow for the firm.b. Calculate the cash flow to creditors.c. Calculate the cash flow to stockholders.d. If the net fixed assets increased by $27,000 during the year, what was the change in Net Working Capital NWC?Sales $ 300,000Costs $ 173,000Other expenses $ 10,400Depreciation expense $ 29,000Interest expense $ 13,555Taxes $ 76,000Dividends $ 9,0002013 New equity $ 15,700Net new long-term debt - $ 16,300Change in fixed assets $ 27,000
For the year ending 2022, determine the Net New Equity, Change in Net Working Capital, Net Capital Spending and Operating Cash flow. Calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders for 2022. Calculate the Dividends per Share and Earnings per Share for each year for Brown Company. Briefly comment on the company’s cash flows for 2022 in light of an expansion plan which will be financed by both debt and equity.
Net income, currents assets and current liabilities for 2020 are expected to vary with sales. The projected sales in 2020 is ₱210M. The company plans to pay ₱0.05 cash dividends per share in 2020. How much is the projected current assets in 2020? ₱73,000,000 ₱71,000,000 ₱73,500,000 ₱70,000,000