Reference no: EM132030266
Titan Football Manufacturing had the following operating results for 2016: sales = $19,890; cost of goods sold = $13,870; depreciation expense = $2,260; interest expense = $290; dividends paid = $660.
At the beginning of the year, net fixed assets were $19,300, current assets were $3,050, and current liabilities were $1,960.
At the end of the year, net fixed assets were $22,940, current assets were $3,500, and current liabilities were $2,050. The tax rate for 2016 was 30 percent.
a. What is net income for 2016? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Net income $
b. What is the operating cash flow for 2016? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Operating cash flow $
c. What is the cash flow from assets for 2016? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Cash flow from assets $
Assume no new debt was issued during the year.
d. What is the cash flow to creditors for 2016? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Cash flow to creditors $
e. What is the cash flow to stockholders for 2016? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Cash flow to stockholders $
|
How to improve the health of others living in our community
: How does living in urban communities personally affects our overall health and how to improve the health of others living in our community.
|
|
How much money do you anticipate that you will have
: Today is your 20th birthday. Your parents just gave you $5000 that you plan to use to open a stock brokerage account.
|
|
Effective active listener when you communicate
: Discuss how you can become a more effective active listener when you communicate with others. What are your current strengths?
|
|
Prevent unethical research practices
: What other prevention, monitoring, and resources have worked to prevent unethical research practices among the most vulnerable populations?
|
|
What is net income for 2016
: What is net income for 2016? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
|
|
Research the topic of physician-assisted suicide
: Research the topic of Physician-Assisted Suicide, answer the following questions:
|
|
Find the firms market value capital structure
: Titan Mining Corporation has 8.5 million shares of common stock outstanding, 250,000 shares of 5 percent preferred stock outstanding.
|
|
Public sector turn to austerity policies
: Why did employers in the public sector turn to austerity policies? How do they pursue these policies?
|
|
What is tiptops average and marginal tax rate for the year
: Tiptop Farms expenses were equal to $320,000. Tiptop had interest expenses of $80,000 and depreciation expenses of $75,000 during the year.
|