Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Masters, Inc., has sales of $36,800, costs of $14,860, depreciation expense of $2,360, and interest expense of $1,280. If the tax rate is 24 percent,

image text in transcribed
image text in transcribed
image text in transcribed
Masters, Inc., has sales of $36,800, costs of $14,860, depreciation expense of $2,360, and interest expense of $1,280. If the tax rate is 24 percent, what is the operating cash flow, or OCF? (Do not round intermediate calculations.) Operating cash flow Bantam Egg's 2019 balance sheet showed net fixed assets of $5.5 million, and the 2020 balance sheet showed net fixed assets of $6.1 million. The company's 2020 income statement showed a depreciation expense of $360,000. What was the company's net capital spending for 2020? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Net capital spending 4 The 2019 balance sheet of Dyrdek's Skate Shop, Inc., showed long-term debt of $3.5 million, and the 2020 balance sheet showed long-term debt of $3.7 million. The 2020 income statement showed an interest expense of $115,000. What was the firm's cash flow to creditors during 2020? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Cash flow to creditors

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

The Handbook Of Post Crisis Financial Modelling

Authors: Emmanuel Haven, Philip Molyneux, John Wilson, Sergei Fedotov, Meryem Duygun

1st Edition

1137494484, 978-1137494481

More Books

Students also viewed these Finance questions