Question
question 1: Wims, Inc., has current assets of $5,904, net fixed assets of $27,391, current liabilities of $3,114, and long-term debt of $11,000. What is
question 1: Wims, Inc., has current assets of $5,904, net fixed assets of $27,391, current liabilities of $3,114, and long-term debt of $11,000. What is the value of the shareholders equity account for this firm? (Do not round intermediate calculations.)
question 2: Griffin's Goat Farm, Inc., has sales of $686,000, costs of $345,000, depreciation expense of $76,000, interest expense of $48,500, and a tax rate of 24 percent. What is the net income for this firm? (Do not round intermediate calculations.)
question 3; The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $5.1 million, and the 2018 balance sheet showed long-term debt of $5 million. The 2018 income statement showed an interest expense of $165,000. During 2018, the company had a cash flow to stockholders for the year was $70,000. Suppose you also know that the firms net capital spending for 2018 was $1,370,000, and that the firm reduced its net working capital investment by $69,000.
What was the firms 2018 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
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