Sunset Boards currently pays out 50% of net income as dividends and has a 20% ta
ID: 2377243 • Letter: S
Question
Sunset Boards currently pays out 50% of net income as dividends and has a 20% tax rate.
COGS 2013: $169,969 / 2014: $214,607
Cash 2013: 24,524 / 2014: 26,056
Depreciation 2013: 47,980 / 2014: 54,230
Interest Expense 2013: 10,442 / 2014: 11,954
Selling & Admin Expenses 2013: 33,425 / 2014: 43,626
Accounts Payable 2013: 43,344 / 2014: 48,090
Net Fixed Assets 2013: 211,680 / 2014: 264,021
Sales 2013: 333,426 / 2014: 406,427
Accounts Receivable 2013: 17,378 / 2014: 22,542
Notes Payable 2013: 19,757 / 2014: 21,571
Long-term Debt 2013: 106,848 / 2014: 119,976
Inventory 2013: 36,570 / 2014: 50,185
New Equity 2013: 0 / 2014: 20,160
Prepare:
1. An income statement for 2013 & 2014
2. A balance sheet for 2013 & 2014
3. Operating cash flow for each year
4. Cash flow from assets for 2014
5. Cash flow to creditors for 2014
6. Cash flow to stockholders for 2014
How would you describe Sunset Boards' cash flows for 2014?
This question is from Essentials of Corporate Finance 8th Edtion. Please don't copy & paste answers that have previously been posted for the 7th edition as the figures have changed.
Explanation / Answer
cash
24524
Account payable
43344
Account receivable
17378
Notes payable
19757
inventory
36570
Current liabilities
63101
Current assest
78472
Long tern debt
106848
Net fixed assest
211680
Owners equity
120203
Total assets
290152
Total liability and equity
290152
Equity = $290,152
cash
24524
Account payable
43344
Account receivable
17378
Notes payable
19757
inventory
36570
Current liabilities
63101
Current assest
78472
Long tern debt
106848
Net fixed assest
211680
Owners equity
120203
Total assets
290152
Total liability and equity
290152
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