Question
Use the following information for Monsoon Inc. (assume the tax rate is 34%): Year 2019 Year 2020 Sales 18,517 20,698 Depreciation 2,658 2,778 Cost of
Use the following information for Monsoon Inc. (assume the tax rate is 34%):
Year 2019 Year 2020
Sales 18,517 20,698
Depreciation 2,658 2,778
Cost of goods sold 6,366 7,531
Other expenses 1,514 1,318
Interest 1,242 1,482
Cash 9,707 10,346
Retained Earnings 59,835 62,347
Accounts receivables 12,854 15,083
Short term notes payable 1,874 1,835
Long- term debt 32,512 39,514
Net Fixed assets 81,421 86,837
Accounts payable 7,014 7,430
Common shares 25,600 25,600
Inventory 22,853 24,461
Calculate the Operating Cash Flow for 2020, (Negative amounts should be indicated by a minus sign. Do not round the intermediate calculations. Round the final answers to 2 decimal places.Omit $ sign and any commas in your response).
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2.
Use the information for Monsoon Inc. to calculate the net capital spending for 2020. (Negative amounts should be indicated by a minus sign. Do not round the intermediate calculations. Round the final answers to 2 decimal places.Omit $ sign and any commas in your response).
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3.
Use the information for Monsoon Inc. to calculate the change in net working capital (NWC). (Negative amounts should be indicated by a minus sign. Do not round the intermediate calculations. Round the final answers to 2 decimal places.Omit $ sign and any commas in your response).
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4.
Use the information for Monsoon Inc. to calculate the cash flow from assets for 2020. (Negative amounts should be indicated by a minus sign. Do not round the intermediate calculations. Round the final answers to 2 decimal places.Omit $ sign in your response).
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5.
Use the information for Monsoon Inc. to calculate the cash flow to creditors for 2020. (Negative amounts should be indicated by a minus sign. Do not round the intermediate calculations. Round the final answers to 2 decimal places.Omit $ sign and any commas in your response.)
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6.
Use the information for Monsoon Inc. to calculate the cash flow to shareholders for 2020. (Negative amounts should be indicated by a minus sign. Do not round the intermediate calculations. Round the final answers to 2 decimal places.Omit $ sign and any commas in your response.)
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