Solution-Determine the gildan net income

Determine the gildan net income

Assignment Help Managerial Accounting

Reference no: EM133121039

Question - Net cash flow from operating activities for 2X19 for Gildan Corporation was £300,000 following items are reported on the financial statements for 2X19:

Depreciation and amortization 20,000

Cash dividends paid on ordinary shares 12,000

Increase in accounts receivable 24,000

Required - Based only on the information above, determine the Gildan's net income for 2X19?

a. £264,000.

b. £304.000.

c. £296,000.

d. £256,000.

Reference no: EM133121039

Questions Cloud

Discuss incrementalism in terms of health care : Discuss incrementalism in terms of health care and health finance reform -- past, present, and potential future. Cite examples as appropriate.

Determine the arithmetic average rate of return : On December 31, 2000, the S&P 500 index was 1,469.25. Twenty-one years later, on December 31, 2021, the Index was 4766.18. Determine the Geometric Average rate

Determine the company should proceed with overseas : Assume a company in Mesa is considering the establishment of a subsidiary in Guatemala by year's end. The Initial Investment in dollars is $5m with an attendant

Compute the effective annual interest rate : You are working as a financial adviser. Jackson, one of your clients, approached you for a consultation about his plan to save for his daughter's education in t

Determine the gildan net income : Net cash flow from operating activities for 2X19 for Gildan Corporation was £300,000. Determine the Gildan net income

Responsibility of financial managers : Managing accounts receivables is another responsibility of financial managers. Which of the following would likely NOT be one of the activities performed while

Find potential risks and rewards : You are interested in buying a piece of real estate which is zoned for industrial use which does not have much demand, and has a higher CAP rate.

Expected rate of return for the first year : The risk-free rate is 4%; the market risk premium is 8%. LDC Company's stock has a beta of 1.5. The last dividend was $4.5. The dividend growth rate (g) is expe

Weaknesses in using dupont analysis : Illustrate two (2) strengths and two (2) weaknesses in using DuPont Analysis

User Account

All Pages

Determine the gildan net income

Reference no: EM133121039

Reference no: EM133121039

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT