5 questions

URGENT

= You are given the following information for Ted's Bread Co.: sales = $68,500; costs = $51,700; addition to retained earnings $4,500; dividends paid $3,420; interest expense = $2,130; tax rate= 21 percent. Calculate the depreciation expense. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Depreciation expense Prepare a balance sheet for Alaskan Peach Corp. as of December 31, 2021, based on the following information: cash = $207,000; patents and copyrights = $871,000; accounts payable E $293,000; accounts receivable = $265,000; tangible net fixed assets = $5,270,000; inventory $579,000; notes payable = $201,000; accumulated retained earnings = $4,676,000; long-term debt = $1,680,000. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Current assets Total assets Current liabilities Total liabilities Assets = Liabilities Balance Sheet Total liabilities & owners' equity Duela Dent is single and had $189,000 in taxable income. Use the rates from Table 2.3. a. What is the average tax rate? (Do not round intermediate calculations and round your answer to 2 decimal palces, e.g., 32.16.) b. What is the marginal tax rate? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a. Average tax rate b. Marginal tax rate % Prescott Football Manufacturing had the following operating results for 2021: sales = $29,874; cost of goods sold $21,632; depreciation expense = $3,470; interest expense $514; dividends paid = $825. At the beginning of the year, net fixed assets were $19,872, current assets were $3,557, and current liabilities were $3,110. At the end of the year, net fixed assets were $22,987, current assets were $4,381, and current liabilities were $2,981. The tax rate for 2021 was 21 percent. = a. What is net income for 2021? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. What is the operating cash flow for 2021? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. What is the cash flow from assets for 2021? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) d. Assume no new debt was issued during the year. What is the cash flow to creditors during 2021? What is the cash flow to stockholders? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) a. Net income b. Operating cash flow c. Cash flow from assets d. Cash flow to creditors Cash flow to stockholders Graffiti Advertising, Inc., reported the following financial statements for the last two years. 2021 Income Statement $ Sales Costs of goods sold Selling & administrative Depreciation EBIT Interest EBT Taxes Net income Dividends Addition to retained earnings Cash Accounts receivable Inventory 750,727 430,821 165,676 72,489 $81,741 25,630 Current assets Net fixed assets $ 56,111 14,028 42,083 GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2020 $ 17,691 Accounts payable 25,228 18,321 Notes payable $14,200 $ 27,883 Current liabilities $ 61,240 Long-term debt $457,454 Owners' equity $ 12,721 19,149 $ 31,870 181,000 $305,824 Net fixed assets Total assets Cash Accounts receivable Inventory Current assets Net fixed assets Total assets $457,454 Owners' equity Total liabilities and owners' equity $518,694 GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2021 $19,003 Accounts payable 28,025 Notes payable 30,222 Current liabilities $77,250 Long-term debt $539,679 Owners' equity $616,929 Total liabilities and owners' equity $305,824 $ 518,694 $13,962 21,872 $35,834 $ 201,900 379,195 $ $ $616,929 a. Calculate the operating cash flow. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. Calculate the change in net working capital. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. Calculate the net capital spending. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) d. Calculate the cash flow from assets. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) e. Calculate the cash flow to creditors. (Do not round intermediate calculations and round your answer to the nearact whole number on 221 a. Calculate the operating cash flow. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. Calculate the change in net working capital. (Do not round intermediate calculation= and round your answer to the nearest whole number, e.g., 32.) c. Calculate the net capital spending. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) d. Calculate the cash flow from assets. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) e. Calculate the cash flow to creditors. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) f. Calculate the cash flow to stockholders. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a. Operating cash flow b. Change in net working capital c. d. Net capital spending Cash flow from assets e. Cash flow to creditors f. Cash flow to stockholders