Answered step by step
Verified Expert Solution
Question
1 Approved Answer
3-11 A & B statement of cash flows 3-9 3-10 STATEMENT OF STOCKHOLDERS' EQUITY Computer World Inc. paid out $22.5 million in total common dividends
3-11 A & B statement of cash flows 3-9 3-10 STATEMENT OF STOCKHOLDERS' EQUITY Computer World Inc. paid out $22.5 million in total common dividends and reported $278.9 million of retained earnings at year-end. The prior year's retained earnings were $212.3 million. What was the net income? Assume that all dividends declared were actually paid. EVA For 2014, Everyday Electronics reported $22.5 million of sales and $18 million of operating costs (including depreciation). The company has $15 million of total invested capital. Its after-tax cost of capital is 9% and its federal-plus-state income tax rate was 35%. What was the firm's Economic Value Added (EVA), that is, how much value did manage- ment add to stockholders' wealth during 2014? STATEMENT OF CASH FLOWS W.C. Cycling had $55,000 in cash at year-end 2013 and $25,000 in cash at year-end 2014. The firm invested in property, plant, and equipment totaling $250,000. Cash flow from financing activities totales +$170,000. What was the cash flow from operating activities? b. If accruals increased by $25,000, receivables and inventories increased by $100,000, and depreciation and amortization totaled $10,000, what was the firm's net income? 31 a
3-11 A & B statement of cash flows
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started