Quarles Industries had the following operating results for 2015: sales = $30,660; cost of goods sold = $20,260; depreciation expense = $5,660; interest expense = $3,090; dividends paid = $1,950. At the beginning of the year, net fixed assets were $17,480, current assets were $5,960, and current liabilities were $3,575. At the end of the year, net fixed assets were $21,160, current assets were $7,180, and current liabilities were $4,100. The tax rate for 2015 was 30 percent.
What is the operating cash flow for 2015?
What is the cash flow from assets for 2015?
If no new debt was issued during the year, what is the cash flow to creditors?
If no new debt was issued during the year, what is the cash flow to stockholders?
Quarles Industries had the following operating results for 2015: sales = $30,660; cost of goods sold = $20,260; depreciation expense = $5,660; interest expense = $3,090; dividends paid = $1,950. At the beginning of the year, net fixed assets were $17,480, current assets were $5,960, and current liabilities were $3,575. At the end of the year, net fixed assets were $21,160, current assets were $7,180, and current liabilities were $4,100. The tax rate for 2015 was 30 percent.
What is the operating cash flow for 2015?
What is the cash flow from assets for 2015?
| If no new debt was issued during the year, what is the cash flow to creditors? If no new debt was issued during the year, what is the cash flow to stockholders? |
Related questions
Zigs Industries had the following operating results for 2011: sales = $30,780; cost of goods sold = $20,110; depreciation expense = $5,540; interest expense = $2,940; dividends paid = $1,800. At the beginning of the year, net fixed assets were $17,390, current assets were $5,930, and current liabilities were $3,500. At the end of the year, net fixed assets were $21,010, current assets were $7,390, and current liabilities were $4,060. The tax rate for 2011 was 30 percent.
| a. | What is net income for 2011? |
| Net income | $ |
| b. | What is the operating cash flow for 2011? |
| Operating cash flow | $ |
| c. | What is the cash flow from assets for 2011? (Negative amount should be indicated by a minus sign.) |
| Cash flow from assets | $ |
| d-1 | If no new debt was issued during the year, what is the cash flow to creditors? |
| Cash flow to creditors | $ |
| d-2 | If no new debt was issued during the year, what is the cash flow to stockholders? (Negative amount should be indicated by a minus sign.) |
| Cash flow to stockholders | $ |
Mitchell Industries had the following operating results for 2014: sales = $30,300; cost of goods sold = $20,210; depreciation expense = $5,620; interest expense = $3,090; dividends paid = $1,900. At the beginning of the year, net fixed assets were $17,330, current assets were $5,950, and current liabilities were $3,550. At the end of the year, net fixed assets were $21,110, current assets were $7,030, and current liabilities were $4,090. The tax rate for 2014 was 30 percent.
a. What was net income for 2014? (Do not round intermediate calculations.)
b. What was the operating cash flow for 2014? (Do not round intermediate calculations.)
c. What was the cash flow from assets for 2014? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.)
| d.-1 If no new debt was issued during the year, what was the cash flow to creditors? (Do not round intermediate calculations.)
d-2 If no new debt was issued during the year, what was the cash flow to stockholders? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.)
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