Question
Based on the following information for York Developments Inc., answer the questions below. The tax rate is 40%. 2020 2021 000s 000s Sales 4,203 4,507
Based on the following information for York Developments Inc., answer the questions below. The tax rate is 40%.
2020 2021
000s 000s
Sales 4,203 4,507
COGS 2,422 2,633
Depreciation 785 952
Interest expense 180 196
Dividends 225 250
Current Assets 2,205 2,429
Net Fixed Assets 7,344 7,650
Current Liabilities 1,003 1,255
Long Term debt 3,106 2,085
i) What is the Owners Equity for 2021?
ii. What was the increase or decrease in net working capital between 2020 and 2021?
iii) Calculate Net Income for 2021.
iv) Calculate the operating cash flow for 2021.
v) What is the capital asset spending for 2021?
vi) What is the combined cash flow from assets for 2021?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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