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FIN 300 Study Guide - Midterm Guide: Cash Flow, Accounts Receivable, Shares Outstanding

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rubyfox565
23 Oct 2016
School
Ryerson University
Department
Finance
Course
FIN 300
Professor
n/a

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Document Summary

Cash flow to investors (=cffa) using income statement & balance sheet. Cash flow to investors (=cffa) using income statement & cash statement. Ending fixed assets - beginning fixed assets + depreciation. Ending net working capital beginning networking capital. Operating cash flow - net capital spending - change in net working. Interest paid on ld debt + change in lt debt change in total equity. Interest paid on lt debt net cash from financing (roa * r) / 1 (roa * r) Retained income / net income (roe * r) / 1 (roe * r) Future value = present value * (1 + rate per period) ^ time. Present value = future value / (1 + rate per period) ^ time. Change in st assets + change in lt assets change in non-debt liabilities retained income. Total assets total equity / total assets. Long-term debt / long-term debt + total equity.

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Related Questions

Widgets, Inc. Use the following information to answer the next ten questions

Net Sales: 1000

Cost of Goods Sold: 600

Depreciation: 100

Interest Paid: 30

Dividends Paid: 30

Tax Rate: 35%

Solve for: 1.) EBIT, 2.) Net Income, 3.) Addition to Retained Earnings, 4.) Operating Cash Flow.

Use this additional information about Widgets, Inc. to fill in the blanks:

2010 Net Capital Spending

Ending Net Fixed assets........$500

- Beginning Net Fixed Assets.......$300

+ Depreciation......5.)

Net Captial spending.......6.)

2010 Change in Net Working Capital

2010 Current Assets.......$1600

2010 Current Liabilities.....$1200

2010 Net Working Capital.......7.)

2009 Current Assets.....$1800

2009 Current Liabilities.....$1200

2009 Net Working Capitial......8.)

Change in Net Working Capital......9.)

10.) What is the 2010 Cash Flow from Assets?

What is the 2010 Cash Flow from Assets

Net Sales: $1000

Cost of Goods Sold: $600

Depreciation: $100

Interest Paid: $30

Dividends Paid: $ $30

Tax Rate: 35%

Fixed assets: $500

Beginning Net fixed assets: $300

Depreciation: $ 100

Net Capital Spending: 300

2010 Current Assets: 1600

2010 Current Liabilities: 1200

2010 Net working Capital: 400

2009 Current Assets: 1800

2009 Current Liabilities: 1200

2009 Net working Capital: 600

Change in networking capital: 200

Graffiti Advertising, Inc., reported the following financialstatements for the last two years.

2016 Income Statement
Sales $ 567,200
Costs of goods sold 274,005
Selling and administrative 124,729
Depreciation 54,572
EBIT $ 113,894
Interest 19,384
EBT $ 94,510
Taxes 37,804
Net income $ 56,706
Dividends $ 10,000
Addition to retained earnings $ 46,706
GRAFFITI ADVERTISING, INC.
Balance Sheet as of December 31, 2015
Cash $ 13,360 Accounts payable $ 9,500
Accounts receivable 18,990 Notes payable 14,504
Inventory 13,798 Current liabilities $ 24,004
Current assets $ 46,148
Long-term debt $ 136,480
Net fixed assets $ 344,546 Owner's equity $ 230,210
Total assets $ 390,694 Total liabilities and owners’ equity $ 390,694
GRAFFITI ADVERTISING, INC.
Balance Sheet as of December 31, 2016
Cash $ 14,346 Accounts payable $ 10,516
Accounts receivable 21,095 Notes payable 16,470
Inventory 22,758 Current liabilities $ 26,986
Current assets $ 58,199
Long-term debt $ 152,400
Net fixed assets $ 406,307 Owner's equity $ 285,120
Total assets $ 464,506 Total liabilities and owners’ equity $ 464,506

a. Calculate the operating cash flow.(Do not round intermediate calculations and round youranswer to the nearest whole number, e.g., 32.)

Operating cash flow $

b. Calculate the change in net working capital.(Do not round intermediate calculations and round youranswer to the nearest whole number, e.g., 32.)

Change in net working capital $

c. Calculate the net capital spending. (Donot round intermediate calculations and round your answer to thenearest whole number, e.g., 32.)

Net capital spending $

d. Calculate the cash flow from assets. (Anegative answer should be indicated by a minus sign. Do not roundintermediate calculations and round your answer to the nearestwhole number, e.g., 32.)

Cash flow from assets $

e. Calculate the cash flow to creditors.(Do not round intermediate calculations and round youranswer to the nearest whole number, e.g., 32.)

Cash flow to creditors $

f. Calculate the cash flow to stockholders.(A negative answer should be indicated by a minus sign. Donot round intermediate calculations and round your answer to thenearest whole number, e.g., 32.)

Cash flow to stockholders $