Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Calculate the operating cash flow for 2016. I just want to make sure it is correct. Thank you. Sales 403,456 Cost of Goods Sold 201,943
Calculate the operating cash flow for 2016. I just want to make sure it is correct. Thank you.
Sales | 403,456 |
Cost of Goods Sold | 201,943 |
Gross Profit | 201,513 |
Selling & Administrative Expenses | 43,130 |
EBIT | 158,383 |
Interest expense | 13,130 |
Depreciation | 56,876 |
EBT | 88,377 |
Taxes | 30,932 |
Net Income | 57,445 |
Dividends | 28,723 |
Additions to Retained Earnings | 28,723 |
Current Assets | Current Liabilities | |||
Cash | 30,629 | Accounts Payable | 52,910 | |
Inventory | 45,785 | Notes Payable | 24,308 | |
Accounts Receivable | 21,524 | Total Current Liabilities | 77,218 | |
Total Current Assets | 97,938 | Long-term Debt | 129,342 | |
Net Fixed Assets | 262,617 | Owner's Equity | 153,995 | |
Total Assets | 360,555 | Total Liabilities & Equity | 360,555 |
Operating Cash Flow for 2016 = | $184,327 |
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