Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

what is the free cash flow ? -/5 in Additional information: The net cash provided by operating activities for 2022 was $191,800. The cash used

what is the free cash flow ?
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
-/5 in Additional information: The net cash provided by operating activities for 2022 was $191,800. The cash used for capital expenditures was $89,500. The cash used for dividends was $30,100, The weighted average common shares outstanding during the year was 50,000 (a) Compute the following values and ratios for 2022. (We provide the results from 2021 for comparative purposes.) (Round Current Ratio and Earnings per share to 2 decimal places es 15.25 and Debt to assets ratio to Becimal place, 08.78.9%. Enter nerative amounts using either a negative sign preceding the number es -45 or parentheseses (453) 0 Working capital (2021: $160,500) Current ratio (2021: 1651) (10) (1) Free cash flow. (2021 $48,700) (iv) Debt to assets ratio. (2021.31%) IV) Earnings per share. (2021: $3.15) The following are financial statements of Pharoah Company. Pharoah Company Income Statement For the Year Ended December 31, 2022 Net sales $2,235,000 Cost of goods sold 1,019,000 Selling and administrative expenses 909,000 Interest expense 77.000 Income tax expense 62,000 Net income $ 168,000 Pharoah Company Balance Sheet of Com....docx Pharoah Company Balance Sheet December 31, 2022 Assets Current assets Cash $ 58,200 Debt investments 90.000 Accounts receivable (net) 169 100 Inventory 170,200 Total current assets 487 500 Plant assets (net) 573,000 Total assets $ 1,060.500 Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 150,000 Income taxes payable 45,000 Total current liabilities 195,000 Bonds payable 207,990 Total liabilities 402,990 Stockholders' equity Common stock 349,000 Retained earnings 308,510 Total stockholders' equity 657,510 Total liabilities and stockholders' equity $1,060,500

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_2

Step: 3

blur-text-image_3

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

Accountability Ethics And Sustainability Of Organizations

Authors: Sandro Brunelli, Emiliano Di Carlo

3rd Edition

3030311929, 9783030311926

More Books

Students also viewed these Accounting questions

Question

b. Did you suppress any of your anger? Explain.

Answered: 1 week ago