HiWay Furniture has sales of $316,000, depreciation of $47,200, interest expense of $41,400, COGS of $148,200, and taxes of $16,632. Net property plant and equipment increased by $36,400 for the year and there was a decrease in net working capital of $14,300. What is the free cash flow for the year? (Enter your answer in $. Do not add anything else including punctuation such as commas, any words, etc.)

HiWay Furniture has sales of $316,000, depreciation of $47,200, interest expense of $41,400, COGS of $148,200, and taxes of $16,632. Net property plant and equipment increased by $36,400 for the year and there was a decrease in net working capital of $14,300. What is the free cash flow for the year? (Enter your answer in $. Do not add anything else including punctuation such as commas, any words, etc.)

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter2: Financial Statements, Cash Flow,and Taxes

Section: Chapter Questions

Problem 9P: Carter Swimming Pools has $16 million in net operating profit after taxes (NOPAT) in the current...

See similar textbooks

Similar questions

HiWay Furniture has sales of $316,000, depreciation of $47,200, interest expense of $41,400, COGS of $148, 200, and taxes of $16,632. Net property plant and equipment increased by $36, 400 for the year and there was a decrease in net working capital of $14,300. What is the free cash flow for the year?
Last year, Blue Lake Mines, Inc., had earnings after tax of $550,000. Included in its expenses were depreciation of $240,000 and deferred taxes of $110,000. The company also purchased new capital equipment for $280,000 last year. Calculate Blue Lake's after-tax cash flow for last year. Round your answer to the nearest dollar.
Your pro forma income statement shows sales of $982,000, cost of goods sold as $482,000, depreciation expense of $104,000, and taxes of $99,000 due to a tax rate of 25%. What are your pro forma earnings? What is your pro forma free cash flow? The pro forma free cash will be $___? (round to the nearest dollar)
Fergus Inc. has sales of $47,000, costs of $19,900, depreciation expense of $3,400, and interest expense of $2,900. If the tax rate is 35%, what is the operating cash flow, or OCF? (Omit $ sign in your response.) Operating cash flow $
For the past year, Kayla, Incorporated, has sales of $47,747, interest expense of $4,400, cost of goods sold of $17,884, selling and administrative expense of $12,431, and depreciation of $7,430. If the tax rate is 25 percent, what is the operating cash flow? Multiple Choice $16,032 $14,659 $11,632 $5,602 $4,202
What is the annual operating free cash flow if operating revenues increase by $1.2 million, operating expenses (ex-depreciation) go up by $0.7 million, and depreciation goes up by $0.32 million? The tax rate is 31%. Express in $ million, to the nearest $0.001 mil. Drop the $ sign. E.g., if your answer is $506,500, record it as 0.507.
For the past year, Kayla, Incorporated, has sales of $46,967, interest expense of $4,088, cost of goods sold of $17,184, selling and administrative expense of $12,051, and depreciation of $6,850. If the tax rate is 21 percent, what is the operating cash flow?
Company DotThrive reported the following financial results. Operating income is $94.98 million and depreciation and amortization is $6.12 million. The company spent $13.99 million buying new equipment and sold $3.58 million old equipment (this is the after-tax salvage). Net working capital increased by $1.31 million from previous year. The company's tax bracket is 21%. What's the company's Free Cash Flow (FCF) for the year?
For the past year, Kayla, Inc., has sales of $45,407, interest expense of $3,464, cost of goods sold of $15,784, selling and administrative expense of $11,291, and depreciation of $5,690. If the tax rate is 38 percent, what is the operating cash flow?. Only correct pls dont copy pls , correct stepwise
High Towers, Inc., has sales of $586,000, costs of $363,000, depreciation expense of $32,000, and interest expense of $14,000. If the tax rate is 33 percent, the operating cash flow, or OCF, is $ ______ . (Round your answer to the nearest whole dollar amount. Do not include the dollar sign ($).).
Company DotThrive reported the following financial results. Operating income is $61.32 million and depreciation and amortization is $6.84 million. The company spent $11.69 million buying new equipment and sold $4.50 million old equipment (this is the after-tax salvage). Net working capital increased by $2.63 million from previous year. The company's tax bracket is 21%. What's the company's Free Cash Flow (FCF) for the year? Note: the unit of your answer should be in millions of dollars, with 2 decimal points.
Hammett, Inc., has sales of $34,630, costs of $10,340, depreciation expense of $2,520 and interest expense of $1,750. If the tax rate is 35 percent. (Enter your answer as directed, but do not round intermediate calculations.) Required: What is the operating cash flow? (Round your answer to the nearest whole number, e.g. 32.) Operating cash flow