= = Martinez Industries had the following operating results for 2021: Sales = $34,116; Cost $2,70 goods sold $24,114; Depreciation expense = $5,977; Interest expense Dividends paid = $1,978. At the beginning of the year, net fixed assets were $19,9: current assets were $7,040, and current liabilities were $3,980. At the end of the ye net fixed assets were $24,484, current assets were $8,672, and current liabilities w $4,655. The tax rate was 25 percent. a. b. What is net income for 2021? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) What is the operating cash flow for 2021? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. What is the cash flow from assets for 2021? (A negative answer should be indicat by a minus sign. Do not round intermediate calculations and round your answer the nearest whole number, e.g., 32.) d- If no new debt was issued during the year, what is the cash flow to creditors? (Do r 1. round intermediate calculations and round your answer to the nearest wh number, e.g., 32.) d- If no new debt was issued during the year, what is the cash flow to stockholders? 2. negative answer should be indicated by a minus sign. Do not round intermedia calculations and round your answer to the nearest whole number, e.g., 32.) a. Net income b. Operating cash flow c. Cash flow from assets d-1. Cash flow to creditors d-2. Cash flow to stockholders
= = Martinez Industries had the following operating results for 2021: Sales = $34,116; Cost $2,70 goods sold $24,114; Depreciation expense = $5,977; Interest expense Dividends paid = $1,978. At the beginning of the year, net fixed assets were $19,9: current assets were $7,040, and current liabilities were $3,980. At the end of the ye net fixed assets were $24,484, current assets were $8,672, and current liabilities w $4,655. The tax rate was 25 percent. a. b. What is net income for 2021? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) What is the operating cash flow for 2021? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. What is the cash flow from assets for 2021? (A negative answer should be indicat by a minus sign. Do not round intermediate calculations and round your answer the nearest whole number, e.g., 32.) d- If no new debt was issued during the year, what is the cash flow to creditors? (Do r 1. round intermediate calculations and round your answer to the nearest wh number, e.g., 32.) d- If no new debt was issued during the year, what is the cash flow to stockholders? 2. negative answer should be indicated by a minus sign. Do not round intermedia calculations and round your answer to the nearest whole number, e.g., 32.) a. Net income b. Operating cash flow c. Cash flow from assets d-1. Cash flow to creditors d-2. Cash flow to stockholders
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education