Question
Sunset Boards currently pays out 50% of net income as dividends and has a 20% tax rate. COGS 2013: $169,969 / 2014: $214,607 Cash 2013:
Sunset Boards currently pays out 50% of net income as dividends and has a 20% tax rate.
COGS 2013: $169,969 / 2014: $214,607
Cash 2013: 24,524 / 2014: 26,056
Depreciation 2013: 47,980 / 2014: 54,230
Interest Expense 2013: 10,442 / 2014: 11,954
Selling & Admin Expenses 2013: 33,425 / 2014: 43,626
Accounts Payable 2013: 43,344 / 2014: 48,090
Net Fixed Assets 2013: 211,680 / 2014: 264,021
Sales 2013: 333,426 / 2014: 406,427
Accounts Receivable 2013: 17,378 / 2014: 22,542
Notes Payable 2013: 19,757 / 2014: 21,571
Long-term Debt 2013: 106,848 / 2014: 119,976
Inventory 2013: 36,570 / 2014: 50,185
New Equity 2013: 0 / 2014: 20,160
Prepare:
1. An income statement for 2013 & 2014
2. A balance sheet for 2013 & 2014
3. Operating cash flow for each year
4. Cash flow from assets for 2014
5. Cash flow to creditors for 2014
6. Cash flow to stockholders for 2014
How would you describe Sunset Boards' cash flows for 2014?
This question is from Essentials of Corporate Finance 8th Edtion. Please don't copy & paste answers that have previously been posted for the 7th edition as the figures have changed.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started