Question
Your firm has net income of $371 on total sales of $1,460. Costs are $800 and depreciation is $130. The tax rate is 30 percent.
Your firm has net income of $371 on total sales of $1,460. Costs are $800 and depreciation is $130. The tax rate is 30 percent. The firm does not have interest expenses. What is the operating cash flow?
Red Barchetta Co. paid $27,590 in dividends and $28,437 in interest over the past year. During the year, net working capital increased from $13,554 to $18,269. The company purchased $42,220 in fixed assets and had a depreciation expense of $16,895. During the year, the company issued $25,050 in new equity and paid off $21,070 in long-term debt. What was the company's cash flow from assets?
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