Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider the following abbreviated financial statements for Benly, Inc.: Benly, Inc. Balance Sheets as of December 31, 2020 and 2021 ($ in thousands) 2020 2021

image text in transcribed
Consider the following abbreviated financial statements for Benly, Inc.: Benly, Inc. Balance Sheets as of December 31, 2020 and 2021 ($ in thousands) 2020 2021 2020 2021 Current assets $4,750 $5,800 Current liabilities $2,200 $2,750 Net fixed assets 3,350 5,000 3,400 4,550 Long-term debt Common stock 1,850 2,100 Retained earnings 650 1,400 Total assets $8,100 $10,800 $8,100 $10,800 HCB, Inc. 2021 Income Statement ($ in thousands) Sales $18,000 13,700 Cost of goods sold Depreciation 800 Earnings before interest and taxes $3,500 Interest paid 750 Taxable income $2,750 Taxes 950 Net income $1,800 Dividends = $1,050 1. (3 marks) What is the 2021 operating cash flow (OCF)? 2. (3 marks) What is the 2021 net capital spending (NCS)? 3. (3 marks) What is the 2021 change in net working capital (ANWC)? 4. (3 marks) What is the 2021 cash flow from assets (CFFA)? 5. (3 marks) What is the 2021 cash flow to creditors (CF/CR)? Total liabilities and shareholders' equity

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

Finance And Financial Markets

Authors: Keith Pilbeam

3rd Edition

023023321X, 978-0230233218

More Books

Students also viewed these Finance questions

Question

3. Identify challenges to good listening and their remedies

Answered: 1 week ago

Question

4. Identify ethical factors in the listening process

Answered: 1 week ago