QuickHelper

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Category > Accounting Posted 26 May 2017 My Price 10.00

What was net income for 2015?

Question description

 

Please show ALL work for each sub question!!

Rouen Industries had the following operating results for 2015: sales = $28,000; cost of goods sold = $19,660; depreciation expense = $5,180; interest expense = $2,490; dividends paid = $1,350. At the beginning of the year, net fixed assets were $17,180, current assets were $5,840, and current liabilities were $3,360. At the end of the year, net fixed assets were $20,560, current assets were $7,000, and current liabilities were $3,960. The tax rate for 2015 was 30 percent.

  1. What was net income for 2015?
  1. What was the operating cash flow for 2015?
  1. Calculate the change in Net Working Capital in 2015.
  1. Calculate the net capital spending in 2015.
  1. Calculate and interpret Rouen’s Free Cash Flow in 2015.
  1. If no new debt was issued during the year, what was the cash flow to creditors?
  1. If no new debt was issued during the year, what was the cash flow to stockholders?

Answers

QuickHelper
(10)
Status NEW Posted 26 May 2017 07:05 PM My Price 10.00

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