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What is its cash flow from operating activities

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Question - During the year, Baxter Manufacturing Inc. had sales of $4,000,000. Cost of goods sold and depreciation expenses were $2,390,000 and $820,000, respectively. In addition, the company had an interest expense of $430,000 and a tax rate of 35 percent (on any positive before tax income).

(a) What is Baxter's net income?

(b) Baxter made no new investments in net working capital during the year. What is its cash flow from operating activities?

(c) Baxter paid out $580,000 in cash dividends. During the year Baxter's investment activities were $1,170,000, and Baxter issued new stock for $520,000. What must have been Baxter's free cash flow (or cash flow from financing activity)?

(d) What must have been net new borrowing (change in the firm's long term debt)?

Reference no: EM133150838

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