Sie sind auf Seite 1von 1

TUTORIAL CLASS

1. Jamilah Corporation shows the following information on its 2011 income statement: sales = 196,000; costs = 104,000; other expenses = 6,800; depreciation expense = 9,100; interest expense = 14,800; taxes = 21,455; dividends = 10,400. In addition, youre told that the firm issued 5,700 in new equity during 2011 and redeemed 7,300 in outstanding long-term debt. i. ii. iii. iv. NWC? What is the 2011 operating cash flow? What is the 2011 cash flow to creditors? What is the 2011 cash flow to stockholder? If net fixed asses increased by 27,000 during the year, what was the addition to

2. During 2011, Sayuti Umbrella Berhad 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 35 percent. i. ii. iii. What is Sayutis net income for 2011? What is its operating cash flow? Explain your results in (a) and (b).

3. Delima Industries had the following operating results for 2011: sales = 22,800; cost of goods sold = 16,050; depreciation expense = 4,050; interest expense = 1,830; dividends paid = 1,300. At the beginning of the year, net fixed assets were 13,650, current assets were 4,800, and current liabilities were 2,700. At the end of the year, net fixed assets were 16,800, current assets were 5,930, and current liabilities were 3,150. The tax rate for 2011 was 34 percent. i. ii. iii. iv. What is Delimas net income for 2011? What is its operating cash flow for 2011? What is its cash flow from assets for 2011? Is it possible? Explain. If no new debt was issued during the year, what is the cash flow to creditors? What is the cash flow to stockholders? Explain and interpret the positive and negative signs of your answers in (a) through (d).