Question 15
The net income reported on the income statement for the current year was $ 440,000. Depreciation was $ 62,000. Accounts receivable and inventories decreased by $ 20,000 and $ 32,000, respectively. Prepaid expenses and accounts payable increased, respectively, by $ 2,000 and $ 16,000. How much cash was provided by operating activities? Question 16
The statement of cash flows will not provide insight into Question 17
Laser Performance Inc. has the following information available |
( amount in thousands). |
Net Income |
$ 30,000 |
Average Total Liabilities |
80,000 |
Average Current Liabilities |
36,000 |
Cash Provided by Operations |
48,000 |
Cash Sales |
130,000 |
Capital Expenditures |
22,000 |
Dividends Paid |
6,000 |
What is the current cash debt coverage? Question 18
Authentic Exposure Company had the following transactions that took place during the year: I. Paid amount owing to suppliers $ 2,750. II. Purchased new equipment for $ 5,000 by signing a long-term note payable. III. Purchased a patent and paid $ 15,000 cash for the asset.
How what is the total effect of these transactions on Free Cash Flow, Current Cash Debt Coverage, and Cash Debt Coverage respectively?
Free Current Cash Debt Cash