What was the free cash flow for last year

Assignment Help Financial Accounting
Reference no: EM132950945

Question - ABC industries had the following operating results for last year: sales = $28,900; cost of goods sold = $24,600; depreciation expense = $1,700; interest expense = $1,400; dividends paid = $1,000. At the beginning of the year, net fixed assets were $14,300, current assets were $8,700, and current liabilities were $6,600. At the end of the year, net fixed assets were $23,900, current assets were $9,200, and current liabilities were $7,400. The tax rate for last year was 34 percent. Assume there is no short term investments and notes payable. What was the free cash flow for last year?

Reference no: EM132950945

Questions Cloud

Calculate the maximum system inventory for part : Boehm Compressors uses a lean production assembly line to make its compressors. In one assembly area, the demand is 100 parts per eight-hour day.
Calculate basic and diluted earnings per share : January 1: $45; Year's average: $50; December 31: $52. Westmount's income tax rate is 40%. Calculate basic and diluted earnings per share
Briefly analyze the mattel strategy : Briefly analyze the Mattel's strategy using the diamond strategy framework in terms of Arenas, Economic logic, Differentiators, Sequencing and Vehicle.
Certificate of insurances can be addressed in healthcare : How is the risk management issue in the certificate of insurances can be addressed in healthcare?
What was the free cash flow for last year : The tax rate for last year was 34 percent. Assume there is no short term investments and notes payable. What was the free cash flow for last year
What is control in the workplace : What is control in the workplace? How is control management used in the workplace?
Prepare all necessary journal entries for azores : Prepare necessary journal entries for Azores in 2021 and 2022 regarding the notes and interest, including adjusting entries. Prepare separate adjusting entries
Implementing an e-commerce website for a business : What are 5 advantages/benefits of implementing an e-commerce website for a business?
Explain four benefits of jit : Develop three examples that illustrate how Starbucks use JIT (Just in Time manufacturing), and then determine three or four benefits of JIT for that particular

Reviews

Write a Review

Financial Accounting Questions & Answers

  Net operating income through accepting special order

Tullius Corporation has received a request for a special order of 8,000 units of product C64 for $50.00 each. The normal selling price of this product is $53.25 each, but the units would need to be modified slightly for the customer. How much is the ..

  What level of sales would generate net income

How much in dividends were paid to shareholders during the year? What level of sales would generate $2,120,000 in net income? Round your answer

  By how much should net income increase

The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month. By how much should net income increase

  What the balance in his account would be closest to

Alfred withdraws no money from his account, meets all margin calls, and closes his position at the end of Day 4, the balance in his account would be closest to

  What will his account be worth six years from today

Roger decides to start an investment account by depositing $5,000 today. what will his account be worth 6 years from today, assuming he compounds annually

  What is days sales in receivables for the current year

BU330 Accounting for Managers- What is the acid-test ratio for the current year? What is the inventory turnover for the current year? What is days' sales in receivables for the current year?

  Calculate the balance of its investment in nye account

Prepare a consolidated income statement for Chee Co. for the year ended December 31, 20X8. Be sure to show your supporting calculations and prove that your calculation of net income attributable to the shareholders of Chee Co. in is correct by calcul..

  Determine the manufacturing costs added

Using the information below for Laurels Company; determine the manufacturing costs added during the current year: Direct materials used $5,000 Direct Labor 7,000 Total Factory overhead 5,100 Beginning work in process 3,000 Ending work in process 4,00..

  North america and europe receive a triple vaccination

At the age of 14 months old, most children in North America and Europe receive a triple vaccination against three diseases:

  Prepare companys income statement in contribution format

Company has just completed its first year of operations. The company's accountant has prepared an absorption costing income statement for the year as seen below: Prepare the company's income statement in the contribution format.

  Write general fund and government-wide journal entries

Write General Fund and Government-wide journal entries for the following: Property tax bills of $700,000 were sent to property owner. It is expected that 90% of the taxes will be collected and they will be available for immediate uses.

  Why are firms holding cash

With high unemployment, are corporations being socially responsible by holding cash? Why do technology firms, in particular, hold large cash balances?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd