Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 14 What is the firm's Operating Cash Flow (OCF)? Peace on Hearth Inc. 2020 Income Statement (Sin thousands) Peace on Hearth Inc. 2019

image text in transcribed

Question 14 What is the firm's Operating Cash Flow (OCF)? Peace on Hearth Inc. 2020 Income Statement (Sin thousands) Peace on Hearth Inc. 2019 & 2020 Balance Sheet (5 in thousands) ASSETS LIABILITIES & EQUITY Sales $6,212 2019 2020 2019 2020 Cost of Goods Sold $3,071 Cash $112 $125 Total Current Liabilities 310 $12 77 06 Depreciation $1.211 Accounts Receivables $30 5707 $792 L-T Debt 2720 46 EBIT Inventory 51.1 $1.2 22 Interest Paid 5230 Total Current Assets $19 $21 41 74 Common Stock 2.12 $2.3 74 Taxable Income Retained Earnings $751 5041 Taxes (20%) Net Fixed Assets $4,7 $52 27 94 566 $7A Total Liabilities 566 $7.4 Net Income Total Assets 68 68 & Equity 68 68 Answers $1,930,000 $1,500,000 $379,000 $2,801,000

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

Financial Accounting in an Economic Context

Authors: Jamie Pratt

8th Edition

9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292

Students also viewed these Accounting questions

Question

Substitute first yi 0 and then yi 1 into the expression

Answered: 1 week ago