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1a.) How much cash did COBALT pay to suppliers in 2017? $_________ million 1b.) How much dividend did COBART pay to shareholders in 2017? (Assume
1a.) How much cash did COBALT pay to suppliers in 2017?
$_________ million
1b.) How much dividend did COBART pay to shareholders in 2017? (Assume the dividend is paid in cash to shareholders in 2017.)
$_________ million
1c.) Assuming that all Accrued expenses are related to operating activities: What is the COBALT's 2017 Cash Flow from operating activities? (If it is an outflow, add minus sign in to answer).
$_________ million
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COBALT Company Balance Sheet, For the year ended December 31, 2017 ($ millions) 2017 2016 Assets Cash Accounts Receivable Inventory Long-term Investment Property, Plant & Equipment Less: Accumulated Depreciation Total Assets $19,900 $41,100 $50,910 $1,840 $388,000 ($77,980) $423,770 $9,810 $42,100 $49,280 $650 $352,600 ($51,200) $403,240 Liabilities and Shareholders' Equity Accounts Payable Accrued Expenses Long-term Debt Total Liabilities Common Stock ($1.00 par) Additional Paid-in-Capital Retained Earnings Total Shareholders' Equity Total Liability & Shareholders' Equity $34,000 $2,840 $153,200 $190,040 $53,540 $135,000 $45,190 $233,730 $423,770 $32,700 $3,040 $158,700 $194,440 $52,100 $121,500 $35,200 $208,800 $403,240 COBALT Company Income Statements, For the Years 2016 and 2017 ($ millions) 2017 2016 Sales $368,200 $354,000 Cost of Goods $285,400 $281,800 Gross Profit $82,800 $72,200 Depreciation $26,780 $24,360 Selling & Admin. Expense $23,340 $21,820 Other Operating Expese $1,080 $1,120 Net Operaing Income $31,600 $24,900 Interest Expense $7,280 $7,500 Earnings Before Taxes $24,320 $17,400 Taxes $6,080 $4,350 Net Income $18,240 $13,050 Note: There were no disposals of fixed assets during the year 2017Step by Step Solution
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