Hi expart Provide solution for this accounting question Weiland Co. shows the following information on its 2014 income statement:sales = $167,000; costs = $88,600; other expenses = $4,900; depreciationexpense = $11,600; interest expense = $8,700; taxes = $18,620; dividends =$9,700.In addition, you're told that the firm issued $2,900 in new equity during 2014,and redeemed $4,000 in outstanding long-term debt.a. Calculating Cash Flows. What is the 2014 operating cash flow?b. What is the 2014 cash flow to creditors?c. What is the 2014 cash flow to stockholders?d. If net fixed assets increased by $23,140 during the year, what was theaddition to NWC?

Step 1: Define Operating Cash FlowThe operating cash flow refers the amount of cash generated by the…

Answered: Weiland Co. shows the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Weiland Co. shows the following information on its 2014 income statement: sales $167,000; costs = $88,600; other expenses $4,900; depreciation expense = $11,600; interest expense = $8,700; taxes $18,620; dividends $9,700. In addition, you're told that the firm issued $2,900 in new equity during 2014, and redeemed $4,000 in outstanding long-term debt. (Enter your answer as directed, but do not round intermediate calculations.) Required: a) What is the operating cash flow during 2014? Operating cash flow b) What is the cash flow to creditors during 2014? Cash flow to creditors c) What is the cash flow to stockholders during 2014? Cash flow to stockholders d) Assuming net fixed assets increased by $23,140 during the year, what was the addition to NWC? Addition to net working capital не
Jetson Spacecraft Corp. shows the following information on its 2015 income statement: sales = $319,767; costs = $178,650; other expenses = $5,786; depreciation expense = $18,444; interest expense = $14,233; taxes = $17,008; dividends = $10,711. In addition, you’re told that the firm issued $5,368 in new equity during 2015 and redeemed $5,570 in outstanding long-term debt. If net fixed assets increased by $21,756 during the year, what was the addition to NWC?
Schwert Corp. shows the following information on its 2015 income statement: Particulars ($) Sales 215,000 Costs 117,000 Other expenses 6,700 Depreciation 18,400 expense Interest expense 10,000 Таxes 25,370 Dividends 9,500 In addition, you are told that the firm issued $8,100 in new equity during 2015 and redeemed $7,200 in outstanding long-term debt. Please answer the following: • What is the 2015 operating cash flow? • What is the 2015 cash flow to creditors? • What is the 2015 cash flow to stockholders? • If net fixed assets increased by $28,400 during the year, what was the addition to net working capital (NWC)?
Bedrock Gravel Corp. shows the following information on its 2007 income statement: sales $162,000; costs = $93,000; other expenses = $5,100: depreciation expense = $8,400; interest expense = $16,500; taxes = $14,820; dividends $9,400. In addition, you're told that the firm issued $7,350 in new equity during 2007 and redeemed $6,400 in outstanding long-term debt. a. What is the 2007 operating cash flow? b. What is the 2007 cash flow to creditors? c. What is the 2007 cash flow to stockholders? d. If net fixed assets increased by $12,000 during the year, what was the addition to NWC?
Home Depot entered fiscal 2017 with a total capitalization of $21,904 million. In 2017, debt investors received interest income of $877 million. Net income to shareholders was $8,654 million. (Assume a tax rate of 21%.) Calculate the economic value added assuming its cost of capital is 10%. (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)
In 2016, the Allen Corporation had sales of $61 million, total assets of $43 million, and total liabilities of $15 million. The interest rate on the company's debt is 5.8 percent, and its tax rate is 35 percent. The operating profit margin is 14 percent. a. Compute the firm's 2016 net operating income and net income. b. Calculate the firm's operating return on assets and return on equity. (Hint: You can assume that interest must be paid on all of the firm's liabilities.)
In 2016, the Allen corporation had sales of $67 million, total assets of $42 million, and total liabilities of $19 million. The interest rate on the company’s debt is 6.3 percent, and it’s tax rate is 35 percent. The operating profit margin is 14 percent A. Compute the firm’s 2016 net operating income and net income The firm’s 2016 net operating income is Round to two decimal places B. Calculate the firms operating return on assets and return on equity.
In 2016, the Allen corporation had sales of $63 million, total assets of $44 million, and total liabilities of $15 million. The interest rate on the company’s debt is 5.7 percent, and it’s tax rate is 35 percent. The operating profit margin is 14 percent. A. Compute the firm’s 2016 net operating income and net income The firm’s 2016 net operating income is Round to two decimal places.
Schwert Corp. shows the following information on its 2015 income statement: Sales = $215,000; COGS= $117,000; o Other operating expenses excluding Depreciation = $6,700; Depreciation expense=$18,400; Interest Expense=$10,000; Taxes = $25,370; Dividends =$9,500. Change in the cash balance from 2014 to 2015 is +$2,000. In addition, you're told that the firm issued $8,100 in new equity during 2015 and redeemed $7,200 in outstanding long-term debt. a. What is the 2015 cash flow to creditors? What is the 2015 cash flow to stockholders? b. What is the 2015 cash flows from financing? c. If net fixed assets increased by $28,400 during the year, what was the change in WCR? Did WCR increase or decrease? d. How much cash did Schwert generate from its operations? WCR = Working capital requirement
Schwert Corp. shows the following information on its 2015 income statement: Sales = $215,000; COGS= $117,000; o Other operating expenses excluding Depreciation = $6,700; Depreciation expense=$18,400; Interest Expense=$10,000; Taxes = $25,370; Dividends =$9,500. Change in the cash balance from 2014 to 2015 is +$2,000. In addition, you're told that the firm issued $8,100 in new equity during 2015 and redeemed $7,200 in outstanding long-term debt. d. How much cash did Schwert generate from its operations? WCR = Working capital requirement Parts a-c were already posted and answered, just need d
In 2016, the Allen Corporation had sales of $60 million, total assets of $47 million, and total liabilities of $22 million. The interest rate on the company's debt is 5.6%, and its tax rate is 35%. The operating profit margin is 12%. Compute the firm's 2016 net operating income and net income. Calculate the firm's operating return on assets and return on equity. (Hint: You can assume that interest must be paid on all of the firm's liabilities.)
The Sandhill Company has disclosed the following financial information in its annual reports for the period ending March 31, 2017: sales of $1.423 million, cost of goods sold of $802,000, depreciation expenses of $175,000, and interest expenses of $89,575. Assume that the firm has an average tax rate of 35 percent. Compute the cash flows to investors from operating activity. (Round answer to 2 decimal places, e.g. 15.25.) Cash flow from operating activity $enter the Cash flow from operating activity rounded to 2 decimal places

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS