Finance

  1. 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?

 


  1. 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.

 

  1. Calculating Cash Flows. What is the 2014 operating cash flow?
  2. What is the 2014 cash flow to creditors?

 

  1. What is the 2014 cash flow to stockholders?
  2. If net fixed assets increased by $23,140 during the year, what was the addition to NWC?

 

 

  1. 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.)

 

  1. What is Belyk’s net income?

 

  1. What is its operating cash flow?

 

  1. What is the cash flow from assets for 2014? Is this possible? Explain.

 

  1. If no new debt was issued during the year, what is the cash flow to creditors? What is the cash flow to stockholders? Explain and interpret the positive and negative signs of your answers in (a) through (d).

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