Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 16 details 2020 2021 Revenue $3,500.0 $3,650.0 Cost of goods sold $2,650.0 2,750.0 Gross profit 850.0 900.0 Expenses 450.0 475.,0 Depreciation 75.0 85.0 EBIT

Question 16 details
2020 2021
Revenue $3,500.0 $3,650.0
Cost of goods sold $2,650.0 2,750.0
Gross profit 850.0 900.0
Expenses 450.0 475.,0
Depreciation 75.0 85.0
EBIT 325.0 340.0
Interest expense 10.0 12.0
EBT 315.0 328.0
Taxes 75.0 78.0
Net Income $240.0 $250.0
Total Current Assets $410.0 $540.0
Fixed Assets - Net 550.0 615.0
Total Assets 960.0 1,155.0
Total Current Liabilities 295.0 305.0
Debt Outstanding 160.0 170.0
Total Liabilities 455.0 475.0
Common Stock [1] 75.0 85.0
Retained Earnings [1] 430.0 595.0
Total Liabilities and Equity $960.0 $1,155.0

[1] Raised equity of $25 and paid a dividend of $85

What is the Cash Flow (to) or from Stockholders for 2021?

Group of answer choices

$85.0

($60.0)

($85.0)

$25.0

($25.00)

$60.00

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

Forecasting Principles And Practice

Authors: Rob J Hyndman, George Athanasopoulos

3rd Edition

0987507133, 978-0987507136

More Books

Students also viewed these Finance questions