Redrock Supply Co. — income statement figures for the year.S…
Redrock Supply Co. — income statement figures for the year.Sales $7,680,000; cost of goods sold $5,068,800; selling, general & administrative $998,400; depreciation $420,000; interest expense $180,000; tax rate 21%.Beginning retained earnings $2,000,000; dividends paid $280,000. During the year accounts receivable rose $140,000, inventory rose $110,000, and accounts payable rose $70,000.4 of 4. What is Redrock’s cash flow from operations?Enter a dollar amount, numbers only (no $ or commas).
Read DetailsRedrock Supply Co. — income statement figures for the year.S…
Redrock Supply Co. — income statement figures for the year.Sales $7,680,000; cost of goods sold $5,068,800; selling, general & administrative $998,400; depreciation $420,000; interest expense $180,000; tax rate 21%.1 of 4. What is Redrock’s EBIT?Enter a dollar amount, numbers only (no $ or commas).
Read DetailsCascade Apparel had net income of $110K and operating cash f…
Cascade Apparel had net income of $110K and operating cash flow of $60K. With depreciation of $60K, AR up $45K, inventory up $95K, AP up $20K, and accruals up $10K, what mainly explains the $50K shortfall of OCF versus net income?
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