Question
Titan Football Manufacturing had the following operating results for 2014: sales = $19,880; cost of goods sold = $13,880; depreciation expense = $2,270; interest expense
Titan Football Manufacturing had the following operating results for 2014: sales = $19,880; cost of goods sold = $13,880; depreciation expense = $2,270; interest expense = $295; dividends paid = $650. At the beginning of the year, net fixed assets were $18,800, current assets were $3,040, and current liabilities were $1,970. At the end of the year, net fixed assets were $22,340, current assets were $3,480, and current liabilities were $2,060. The tax rate for 2014 was 30 percent.
What is net income for 2014? (Round your answer to the nearest whole dollar amount (e.g., 32).)
What is the operating cash flow during 2014? (Round your answer to the nearest whole dollar amount (e.g., 32).)
What is the cash flow from assets during 2014? (Negative amount should be indicated by a minus sign. Round your answer to the nearest whole dollar amount (e.g., 32).)
Assume no new debt was issued during the year. |
(a) | What is the cash flow to creditors during 2014? (Round your answer to the nearest whole dollar amount (e.g., 32).) (B) What is the cash flow to stockholders during 2014? (Negative amount should be indicated by a minus sign. Round your answer to the nearest whole dollar amount (e.g., 32).)
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