Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

a) What is the Owner's Equity for 2021? (2 mark)

b) What was the increase or decrease in net working capital between 2020 and 2021? (2 marks)

c) Calculate Net Income for 2021. (2 marks)

d) Calculate the operating cash flow for 2021. (3 marks)

e) What is the capital asset spending for 2021? (2 marks)

f) What is the combined cash flow from assets for 2021? (3 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Green Jobs For Sustainable Development

Authors: Ana Maria Boromisa, Sanja Tišma

1st Edition

131775185X, 9781317751854

More Books

Students also viewed these Economics questions