Tater and Pepper Corporation reported free cash flows for 2023 of $56.1 million and investment in operating capital of $39.1 million. Tater and Pepper incurred $15.3 million in depreciation expense and paid $20.5 million in taxes on EBIT in 2023. Calculate Tater and Pepper's 2023 EBIT. Note: Enter your answer in millions of dollars rounded to 1 decimal place. (i.e., Enter 5,500,000 as 5.5.)
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- Tater and Pepper Corp. reported free cash flows for 2021 of $51.1 million and investment in operating capital of $34.1 million. Tater and Pepper incurred $14.8 million in depreciation expense and paid $25.3 million in taxes on EBIT in 2021. Calculate Tater and Pepper's 2021 EBIT. (Enter your answer in millions of dollars rounded to 1 decimal place.) EBIT millionTater and Pepper Corp. reported free cash flows for 2021 of $52.1 million and investment in operating capital of $35.1 million. Tater and Pepper incurred $14.9 million in depreciation expense and paid $25.5 million in taxes on EBIT in 2021. Calculate Tater and Pepper’s 2021 EBIT. (Enter your answer in millions of dollars rounded to 1 decimal place.)OrangeParty had a net income of 1,050,000$ in 2021. It sold land for 200,500$ that had a book value of 20,050$. It purchased equipment worth 50,500$ by issuing a note payable of 20,800$ and by paying the balance cash. It declared dividends of 5,400$, of which 2,300$ were paid in 2021 and the balance will be paid in 2022. The company made a payment of 355,000$ on long-term debt. The beginning cash balance is 150,000$. Create the statement of Cash Flows for the year ended on Dec 31st, 2021. OrangeParty had the following changes in 2021. AR Decrease $33,000 Prepaid Expense Decrease $44,000 Inventory Increase $13,000 Depreciation expense $88,000 A) Create the statement of cash flow for OrangeParty for the year ending Dec 31st, 2021.
- Rebecky's Flowers 4U, Incorporated, had free cash flows during 2024 of $43 million, NOPAT of $85 million, and depreciation of $14 million. Using this information, fill in the blanks on Rebecky's balance sheet below. Note: Enter your answers in millions of dollars. (i.e., Enter 10,000,000 as 10.) Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long-term assets Total Total assets $ $ $ $ $ $ 2024 REBECKY'S FLOWERS 4U, INCORPORATED Balance Sheet as of December 31, 2024 and 2023 (in millions of dollars) 28 $ 75 118 221 $ 333 $ 54 279 50 329 $ 550 $ $ 2023 25 65 100 190 Liabilities and Equity Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total Long-term debt: 300 Stockholders' equity: 40 Preferred stock (5 million shares) 260 Common stock and paid-in surplus (20 million shares) 50 Retained earnings 310 Total 500 Total…Rebecky's Flowers 4U, Incorporated, had free cash flows during 2024 of $54 million, NOPAT of $98 million, and depreciation of $22 million. Using this information, fill in the blanks on Rebecky's balance sheet below. Note: Enter your answers in millions of dollars. (i.e., Enter 10,000,000 as 10.) Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Assets Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long-term assets Total Total assets 2024 $ $ $ $ $ $ REBECKY'S FLOWERS 4U, INCORPORATED Balance Sheet as of December 31, 2024 and 2023 (in millions of dollars) 35 $ 94 143 272 $ 2023 540 $ 72 468 $ 90 558 $ 830 $ Liabilities and Equity Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total Long-term debt 490 Stockholders' equity 32 84 124 240 Preferred stock (5 million shares) Common stock and paid-in surplus (40 million shares) 50 440 90 Retained earnings 530 Total 770 Total…The 2021 Income statement for Egyptian Nolse Blasters shows that depreciation expense is $80 million, NOPAT is $239 million. At the end of the year, the balance of gross fixed assets was $650 million. The change in net operating working capital during the year was $70 million. Egyptian's free cash flow for the year was $180 million. Calculate the beginning-of-year balance for gross fixed assets. (Enter your answer in millions of dollars.) Gross fixed assets million
- Please explain how you get the journal entries below. The DeVille Company reported pretax accounting income on its income statement as follows: 2021 $ 355,000 2022 275,000 2023 345,000 2024 385,000 Included in the income of 2021 was an installment sale of property in the amount of $30,000. However, for tax purposes, DeVille reported the income in the year cash was collected. Cash collected on the installment sale was $12,000 in 2022, $15,000 in 2023, and $3,000 in 2024.Included in the 2023 income was $10,000 interest from investments in municipal governmental bonds.The enacted tax rate for 2021 and 2022 was 40%, but during 2022, new tax legislation was passed reducing the tax rate to 25% for the years 2023 and beyond.Required:Prepare the year-end journal entries to record income taxes for the years 2021–2024. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)xyz company a for profit business had a revenue of 12 million in 2022. Ezpenses other than depreciation totaled 75 percent revenues, and depreciation expense was 1.5 million. xyz company must pay taxes at a rate of 40 percent of pretax (operating) income. All revenues were collected in cash during the year, and all expenses other than depreciation were paid i cash. Depreciation orginally was 1.5 million; however, now the company 750000 in depreciation expense instead of 1.5 million. what would cash flow beFor 2019, Nirvana Industries disclosed cash revenue of $12.0 million and cash expenses of $6.0 million, depreciation on plant and equipment of $2.0million and an effective tax rate of 21%. For 2019, Nirvana Industries had capital expenditures of $1.0 million to purchase manufacturing equipment and invested $850,000 in net working capital. What were the net (total) cash flows for Nirvana Industries in 2019? Round your answer to the nearest hundredth of million $
- Vinny's Overhead Construction had free cash flow during 2021 of $25.4 million. The change in gross fixed assets on Vinny's balance sheet during 2021 was $5.0 million and the change in net operating working capital was $6.0 million. Calculate the missing amounts on Vinny's income statement below. (Enter your answers in millions of dollars rounded to 2 decimal places.) Net sales VINNY'S OVERHEAD CONSTRUCTION, CORP. Income Statement for Year Ending December 31, 2021 (in millions of dollars) Less: Cost of goods sold 118.10 Gross profits $ 61.00 Less: Other operating expenses 14.40 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 46.60 Less: Depreciation 12.60 Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income $ 15.54Suppose Torche Corporation has the following revenue and expenses for 2022: Revenues of $9,100,000 Cost of Goods Sold of $2,730,000 Depreciation Expenses of $500,000 Income Taxes of $1,672,000 Interest Expenses of $180,000 Other Expenses of $600,000 Sales, General, & Administrative Expenses of $910,000 Create an income statement with amounts in thousands What is the value of Earnings Before Interest & Taxes?Ramsay & Bell, Inc. had sales for 2019 of $180,000, and EBITDA was 36% of sales. Furthermore, depreciation was $8,400, interest was $5,760, the corporate tax rate was 21%, and the company pays 10% of its net income as dividends. Given this information and the balance sheets below, calculate the free cash flow for 2019. $24,556 $27,056 $28,556 $30,056 None of the above is within $100 of the correct answer.