5 *Book Problem 2-26 Statement of Cash Flows (LG2-5) Dogs 4 U Corporation has net cash flow from financing activities for the last year of $36 million. The company paid $182 million in dividends last year. During the year, the change in notes payable on the balance sheet was $41 million and change in common and preferred stock was $0. The end-of-year balance for long-term debt was $330 million. Calculate the beginning-of-year balance for long-term debt Note: Enter your answers in millions of dollars. (ie, Enter 10,000,000 as 10.) Long-term deb

5 *Book Problem 2-26 Statement of Cash Flows (LG2-5) Dogs 4 U Corporation has net cash flow from financing activities for the last year of $36 million. The company paid $182 million in dividends last year. During the year, the change in notes payable on the balance sheet was $41 million and change in common and preferred stock was $0. The end-of-year balance for long-term debt was $330 million. Calculate the beginning-of-year balance for long-term debt Note: Enter your answers in millions of dollars. (ie, Enter 10,000,000 as 10.) Long-term deb

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...

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Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: 20Y9 20Υ8 Cash (end of year) $24,665 $24,840 Short-term investments (end of year) 8,210 9,480 Operating expenses 59,050 64,095 Depreciation expense 13,425 Determine the days' cash on hand for 20Y8 and 20Y9. Assume 365 days in a year. Days' Cash on Hand 20Y8: days 20Y9: days P. > Check My Work Save and Exit Submi All work saved.
Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: 20Υ9 20Υ8 Cash (end of year) $24,200 $23,494 Short-term investments (end of year) 8,300 9,450 Operating expenses 58,850 63,530 Depreciation expense 13,225 11,700 Determine the days' cash on hand for 20Y8 and 20Y9. Assume 365 days in a year. Days' Cash on Hand 20Υ8: days 20Υ9: days
Category Prior Year Current Year Accounts payable ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 431,516.41 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 55,946.66 Interest expense 40,500 41,874.31 Inventories 279,000 288,000 Long-term debt 336,467.85 401,942.46 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 161,499.58 Retained earnings 306,000 342,000 Sales 639,000 854,554.01 Taxes 24,750 48,384.56 ??? What is the current year's return on equity (ROE)? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign re rounded to 4 decimal places (ex: 0.0924))
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 428,571.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,035.00 Interest expense 40,500 42,155.00 Inventories 279,000 288,000 Long-term debt 339,577.00 401,377.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,171.00 Retained earnings 306,000 342,000 Sales 639,000 849,094.00 Taxes 24,750 47,192.00 What is the current year's entry for long-term debt on a common-sized balance sheet? (ROUND TO 4 DECIMAL PLACES.)
Alanta Corporation reported the following information for Year 7 and Year 6. December 31 Year 7 Year 6 Operating assets $147,691 $137,890 Operating liabilities 108,707 103,352 Net cash flow from operations 42,038 35,586 Net operating profit after tax (NOPAT) 30,034 28,568 Discount factor 6% 6% What are the company’s free cash flows to the firm (FCFF) for Year 7? Select one: a. $37,592 b. $34,480 c. None of these are correct d. $23,582 e. $25,588
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 431,139.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,349.00 Interest expense 40,500 41,741.00 Inventories 279,000 288,000 Long-term debt 337,728.00 398,725.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,280.00 Retained earnings 306,000 342,000 Sales 639,000 847,106.00 Taxes 24,750 48,618.00 What is the current year's return on assets (ROA)? (Round to 4 decimal places.)
Dawson Corp. reports the following information: Net cash provided by operating activities: $285,000 Average current liabilities: $150,000 Average non-current liabilities: $100,000 Dividends declared: $60,000 Capital expenditures: $110,000 Payment of long-term debt: $35,000 What is Dawson's cash debt coverage ratio? Question 11 options: 1.14 1.90 2.28 2.85
Category Prior Year Current Year Accounts payable 3,147.00 5,976.00 Accounts receivable 6,925.00 8,910.00 Accruals 5,635.00 6,187.00 Additional paid in capital 19,527.00 13,950.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,974.00 18,270.00 Current portion long-term debt 500 500 Depreciation expense 975.00 976.00 Interest expense 1,278.00 1,155.00 Inventories 3,048.00 6,717.00 Long-term debt 16,569.00 22,919.00 Net fixed assets 75,968.00 73,882.00 Notes payable 4,045.00 6,584.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,870.00 34,759.00 Sales 46,360 45,347.00 Taxes 350 920 What is the firm's cash flow from operations? What is the firm's dividend payment in the current year? What is the firm's net income in the current year?
Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: 20Y9 20Y8 Cash (end of year) $24,970 $24,386 Short-term investments (end of year) 8,280 9,410 Operating expenses 58,775 62,830 Depreciation expense 13,150 11,000 Determine the days’ cash on hand for 20Y8 and 20Y9. Assume 365 days in a year.
Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: 20Y9 20Y8 Cash (end of year) $25,500 $24,250 Short-term investments (end of year) 8,270 9,460 Operating expenses 60,135 63,780 Depreciation expense 13,225 11,400 Determine the days’ cash on hand for 20Y8 and 20Y9. Assume 365 days in a year. Round all calculations to one decimal place. Days’ Cash on Hand 20Y8: fill in the blank 1 66 days 20Y9: fill in the blank 2 days
Quick Ratio Gmeiner Co. had the following current assets and liabilities on December 31 of two recent years: Current Year Previous Year Current assets: Cash $487,000 $763,000 Accounts receivable 431,000 359,000 Inventory 266,000 303,000 Total current assets $1,184,000 $1,425,000 Current liabilities: Current portion of long-term debt $86,000 $77,000 Accounts payable 173,000 153,000 Accrued and other current liabilities 281,000 280,000 Total current liabilities $540,000 $510,000 a. Determine the quick ratio for December 31 of both years. If required, round your answers to one decimal place. Quick Ratio Previous year: Current year: b. How did the quick ratio change between the two balance sheet dates?
Quick Ratio Gmeiner Co. had the following current assets and liabilities on December 31 of two recent years: Current Year Previous Year Current assets: Cash $ 486,000 $ 500,000 Accounts receivable 210,000 200,000 Inventory 375,000 350,000 Total current assets $1,071,000 $1,050,000 Current liabilities: Current portion of long-term debt $ 145,000 $ 110,000 Accounts payable 175,000 150,000 Accrued and other current liabilities 260,000 240,000 Total current liabilities $ 580,000 $ 500,000 a. Determine the quick ratio for December 31 of both years. If required, round your answers to one decimal place. Quick Ratio Previous year: fill in the blank 1 Current year: fill in the blank 2 b. How did the quick ratio change between the two balance sheet dates? Which statement below describes the change between the two balance sheet dates?