Question
Freeman, Inc., reported the following financial statements for the last two years. 2014 Income Statement Sales $ 565,210 Cost of goods sold 274,020 Selling &
Freeman, Inc., reported the following financial statements for the last two years. |
2014 Income Statement | ||
Sales | $ | 565,210 |
Cost of goods sold | 274,020 | |
Selling & administrative | 124,732 | |
Depreciation | 54,575 | |
EBIT | $ | 111,883 |
Interest | 19,297 | |
EBT | $ | 92,586 |
Taxes | 48,145 | |
Net income | $ | 44,441 |
Dividends | $ | 9,700 |
Addition to retained earnings | $ | 34,741 |
FREEMAN, INC. Balance Sheet as of December 31, 2013 | |||||
Cash | $ | 13,330 | Accounts payable | $ | 24,010 |
Accounts receivable | 18,993 | ||||
Inventory | 13,795 | ||||
Current assets | $ | 46,118 | Long-term debt | $ | 136,700 |
Net fixed assets | $ | 344,427 | Owners' equity | $ | 229,835 |
Total assets | $ | 390,545 | Total liabilities and Owners' equity | $ | 390,545 |
FREEMAN, INC. Balance Sheet as of December 31, 2014 | |||||
Cash | $ | 14,316 | Accounts payable | $ | 26,980 |
Accounts receivable | 21,098 | ||||
Inventory | 22,755 | ||||
Current assets | $ | 58,169 | Long-term debt | $ | 152,100 |
Net fixed assets | $ | 406,310 | Owners' equity | $ | 285,399 |
Total assets | $ | 464,479 | Total liabilities and Owners' equity | $ | 464,479 |
Requirement 1: |
Calculate the operating cash flow. (Do not round intermediate calculations.) |
Operating cash flow | $ |
Requirement 2: |
Calculate the change in net working capital. (Do not round intermediate calculations.) |
Change in net working capital | $ |
Requirement 3: |
Calculate the net capital spending. (Do not round intermediate calculations.) |
Net capital spending | $ |
Requirement 4: |
Calculate the cash flow from assets. (Do not round intermediate calculations.Negative amount should be indicated by a minus sign.) |
Cash flow from assets | $ |
Requirement 5: |
Calculate the cash flow to creditors. (Do not round intermediate calculations.) |
Cash flow to creditors | $ |
Requirement 6: |
Calculate the cash flow to stockholders. (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.) |
Cash flow to stockholders | $ |
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