Calculating-OCF-Hammett-Inc-has-sales-of-34-630-costs-of-10-340-Devry-University-Chapter-2-exercises-assignment-help-
8)
Calculating OCF. Hammett, Inc., has sales of $34,630, costs of $10,340, depreciation expense of $2,520, and interest expense of $1,750. If the tax rate is 35 percent, what is the operating cash flow, or OCF?
14)
| Calculating Cash Flows. Weiland Co. shows the following information on its 2014 income statement: sales = $167,000; costs = $88,600; other expenses = $4,900; depreciation expense = $11,600; interest expense = $8,700; taxes = $18,620; dividends = $9,700. In addition, you’re told that the firm issued $2,900 in new equity during 2014, and redeemed $4,000 in outstanding long-term debt. |
| a. Calculating Cash Flows. What is the 2014 operating cash flow? |
| b. What is the 2014 cash flow to creditors? |
| c. What is the 2014 cash flow to stockholders? |
| d. If net fixed assets increased by $23,140 during the year, what was the addition to NWC? |
19)
| Net Income and OCF. During the year, Belyk Paving Co. had sales of $2,600,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,535,000, $465,000, and $520,000, respectively. In addition, the company had an interest expense of $245,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.) |
| a. What is Belyk’s net income? |
| b. What is its operating cash flow? |
| c. Explain your results in (a) and (b). |
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