Need answer and working out for these questions. Please give the right answers only . Explain how you got the answer. Anti-Pandemic Pharma Co. Ltd. reports the following information in its income statement:Sales = $5,250,000;Costs = $2, 173,000;Other expenses = $187,400;Depreciation expense = $79,000;Interest expense= $53,555;Taxes = $76,000;Dividends = $69,000.$136,700 worth of new shares were also issued during the year and long-term debt worth$65,300 was redeemed.a) Compute the cash flow from assetsb) Compute the net change in working capital Question 1Toodles Inc. had sales of $1,840,000. Cost of goods sold, administrative and selling expenses,and depreciation expenses were $1,180,000, $185,000 and $365,000 respectively. In addition,the company had an interest expense of $280,000 and a tax rate of 35 percent. (Ignore any taxloss carryback or carry forward provisions.)What was Toodles's OCF?

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Toodles Inc. had sales of $1,840,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $1,180,000, $185,000 and $365,000 respectively. In addition, the company had an interest expense of $280,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carry forward provisions.) What was Toodles's OCF?

Toodles Inc. had sales of $1,840,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $1,180,000, $185,000 and $365,000 respectively. In addition, the company had an interest expense of $280,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carry forward provisions.) What was Toodles's OCF?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 3P

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Toodles Inc. had sales of $1,840,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $1,180,000, $185,000 and $365,000 respectively. In addition, the company had an interest expense of $280,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carry forward provisions.) What was Toodles’s OCF?
Question 1Toodles Inc. had sales of $1,840,000. Cost of goods sold, administrative and selling expenses,and depreciation expenses were $1,180,000, $185,000 and $365,000 respectively. In addition,the company had an interest expense of $280,000 and a tax rate of 35 percent. (Ignore any taxloss carryback or carry forward provisions.)What was Toodles’s OCF?Question 2Anti-Pandemic Pharma Co. Ltd. reports the following information in its income statement:Sales = $5,250,000;Costs = $2, 173,000;Other expenses = $187,400;Depreciation expense = $79,000;Interest expense= $53,555;Taxes = $76,000;Dividends = $69,000.$136,700 worth of new shares were also issued during the year and long-term debt worth$65,300 was redeemed.a) Compute the cash flow from assetsb) Compute the net change in working capitalQuestion 3Footfall Manufacturing Ltd. reports the following financial information at the end of the current year:Net Sales$100,000Debtor’s turnover ratio (based on net sales)2Inventory turnover…
This year, Southern Coat Company had sales of £730,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were £580,000, £105,000 and £135,000 respectively. In addition, the company had an interest expense of £75,000 and a tax rate of 28 per cent. (Ignore any tax loss carry-back or carry-forward provisions.) a- What is Southern Coat Company’s net income? Net income b - What is its operating cash flow? Operating cash flow
For the past year, Momsen Limited had sales of $47362, interest expense of $4166, cost of goods sold of $17,359, selling and administrative expense of $12,146, and depreciation of $6,995. If the tax rate was 21 percent, what was the company's net income? Multiple Choice O $5,132 $6,496 $11,550 $4,547 $2.444
The web Corp has sales of $143489, cost of goods sold and other expenses (excluding depreciation) of $55491, depreciation of $16870, and a debt of $8000 on which it has to pay 4% interest. It's tax rate is 35%. Calculate its net income
A company's tax rate is 33% and its interest expense is $18,500. In addition, its cost of goods sold is 61% of sales and its depreciation and amortization expenses are $35,800. What must the company's revenue be for it to have earnings of $150,000? 1) $603,238 2) $641,914 3) $681,271 4) $713,284 5) $703,211
21) Santos Company had a 40 percent tax rate. Given the following pre-tax amounts, what would be the income tax expense reported on the face of the income statement? $ 300,000 180,000 24,000 33,000 27,000 3,000 6,000 Sales revenue Cost of goods sold Salaries and wages expense Depreciation expense Dividend revenue Utilities expense Interest expense 22) York Corporation reports the following information: Correction of understatement of depreciation expense in prior years, net of tax $ 645,000 480,000 1,500,000 3,000,000 Dividends declared Net income Retained earnings, 1/1/21, as reported York should report retained earnings, 12/31/21, as adjusted at? 23) Jersey Company reported the following information for 2021: Sales revenue 1,530,000 1,050,000 165,000 Cost of goods sold Operating expenses Unrealized holding gain on available-for-sale securities Cash dividends received on the securities 120,000 6,000 For 2021, Jersey would report other comprehensive income of? 24) For the year ended…
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.) (Enter your answer as directed, but do not round intermediate calculations.) Required: (a) What is Belyk's net income? (Negative amount should be indicated by a minus sign.) Net income (b) What is Belyk's operating cash flow? Operating cash flow A
Classy Clocks Ltd. had sales of $1, 840,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $1,180,000, $185,000 and $365,000 respectively. In addition, the company had an interest expense of $280,000 and a tax rate of 35 percent. Its OCF is: a. $150,000 b. $475,000 c. $415,500 d. No option is correct
how did they get the Income Before Tax? Proforma Income Statement 1/31/21 Total Revenue $ 28,959,000.00 Cost of Goods $ 15,299,000.00 Gross Profit $ 11,535,000.00 Operating Expenses $ 7,609,000.00 Total Operating Expenses $ 7,609,000.00 Operating Income or Loss $ 3,926,000.00 Interest Expense $ 434,000.00 Income Before Tax $ 3,644,000.00 Income Tax Expense $ 963,000.00 Income from Continuing Operations $ 2,681,000.00 Net Income $ 2,681,000.00
During the year, Belyk Paving Co. had sales of $2,575,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,367,000, $690,000, and $480,000, respectively. In addition, the company had an interest expense of $305,000 and a tax rate of 25 percent. (Ignore any tax loss or carryforward provision and assume interest expense is fully deductible.) a. What is the company's net income? (A negative answer should be indicated by a minus sign. Do not found intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. What is its operating cash flow? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a. Net income b. Operating cash flow
During the year, Belyk Paving Co. had sales of $2,380,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,320,000, $605,000, and $441,000, respectively. In addition, the company had an interest expense of $266,000 and a tax rate of 22 percent. (Ignore any tax loss or carryforward provision and assume interest expense is fully deductible.) What is the net income? What is its operating cash flow?