Exam 2: Financial Statements, Taxes, and Cash Flow

A firm has earnings before interest and taxes of $27,130,net income of $16,220, and taxes of $5,450 for the year.While the firm paid out $31,600 to pay off existing debt it then later borrowed $42,000.What is the amount of the cash flow to creditors?

Neiger Flours owes $9,741 in taxes on taxable income of $61,509.If the firm earns $100 more in income, it will owe an additional $22 in taxes.What is the average tax rate on income of $61,609?

Dixie's sales for the year were $1,678,000.Cost of goods sold, administrative and selling expenses, and depreciation expenses were $1,141,000, $304,000, and $143,000, respectively.In addition, the company had an interest expense of $74,000 and a tax rate of 34 percent.What is the operating cash flow for the year?

Mahalo Tours currently has $10,500 in cash.The company owes $26,900 to suppliers for merchandise and $47,500 to the bank for a long-term loan.Customers owe the company $33,000 for their purchases.The inventory has a book value of $62,400 and an estimated market value of $65,600.If the store compiled a balance sheet as of today, what would be the book value of the current assets?

Donegal's has compiled the following information: What is the operating cash flow for the year?

The recognition principle states that:

Assume a company has sales of $423,800, production costs of $297,400, other expenses of $18,500, depreciation expense of $36,300, interest expense of $2,100, taxes of $23,600, and dividends of $12,000.In addition, you're told that during the year the firm issued $4,500 in new equity and redeemed $6,500 in outstanding long-term debt.If net fixed assets increased by $7,400 during the year, what was the addition to net working capital?

The market value of a firm's fixed assets:

Home Supply, Inc.has compiled the following information: For 2016, the cash flow from assets is _____ and the cash flow to stockholders is ______.