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| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 1 Day Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
1.
|
Zigs Industries had the following operating results for 2011: sales = $30,420; cost of goods sold = $20,060; depreciation expense = $5,500; interest expense = $2,940; dividends paid = $1,750. At the beginning of the year, net fixed assets were $17,410, current assets were $5,920, and current liabilities were $3,475. At the end of the year, net fixed assets were $20,960, current assets were $7,390, and current liabilities were $4,050. The tax rate for 2011 was 30 percent. |
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| a. | What is net income for 2011? |
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| Â Â Net income | $Â Â Â |
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| b. | What is the operating cash flow for 2011? |
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| Â Â Operating cash flow | $Â Â Â |
| c. | What is the cash flow from assets for 2011? (Negative amount should be indicated by a minus sign.) |
| Â Â Cash flow from assets | $Â Â Â |
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| d-1 |
If no new debt was issued during the year, what is the cash flow to creditors? |
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| Â Â Cash flow to creditors | $Â Â Â |
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| d-2 |
If no new debt was issued during the year, what is the cash flow to stockholders? (Negative amount should be indicated by a minus sign.) |
| Cash flow to stockholders |
$Â Â Â |
2.
|
BillyAc€?cs Exterminators, Inc., has sales of $598,000, costs of $296,000, depreciation expense of $48,000, interest expense of $34,000, a tax rate of 35 percent and paid out $75,000 in cash dividends. The common stock outstanding is 100,000 shares. |
| What is the earnings per share? (Do not round intermediate calculations and round your answer to 2 decimal places. (e.g., 32.16)) |
| Â Â Earnings per share | $Â Â Â |
| What is the dividends per share? (Do not round intermediate calculations and round your answer to 2 decimal places. (e.g., 32.16)) |
| Â Â Dividends per share | $Â Â Â |
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