Question
This year, your company reported the following financial information: sales of $745,000, cost of goods sold of $465,000, operating expenses of $154,000, and interest expense
This year, your company reported the following financial information: sales of $745,000, cost of goods sold of $465,000, operating expenses of $154,000, and interest expense of $26,500. Operating expenses included $16,700 of depreciation and amortization expenses. The corporate income tax rate was 25%. During the current year, net working capital rose from $134,000 to $167,000. The balance for property, plant and equipment (net) rose grew from $265,000 to $278,000 during the same period. That year, bonds payable rose from $365,500 to $378,300. Hint: begin by calculating net income after tax.
REQUIRED: Calculate the following
1. Operating cash flow
$117,270
$116,510
$115,730
$117,250
$117,825
2. Cash flow from assets
$55,180
$55,125
$53,350
$56,040
$55,760
3. Cash flow to creditors
$13,700
$16,200
$(11,900)
$15,100
$9,400
4. Cash flow to shareholders
$43,679
$44,109
$41,425
$42,760
$42,280
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