Prescott Football Manufacturing had the following operating results for 2019: sales = $29,874;
cost of goods sold =$21,632; depreciation expense =$3,470; interest expense =$514; dividends
paid =$825. At the beginning of the year, net fixed assets were $19,872, current assets were
$3,557, and current liabilities were $3,110. At the end of the year, net fixed assets were $22,987,
current assets were $4,381, and current liabilities were $2,981. The tax rate for 2019 was 24
percent. a. What is net income for 2019 ? (Do not round intermediate calculations and round
your answer to the nearest whole number, e.g., 32.) b. What is the operating cash flow for 2019?
(Do not round intermediate calculations and round your answer to the nearest whole number,
e.g., 32.) c. What is the cash flow from assets for 2019? (A negative answer should be indicated
by a minus sign. Do not round intermediate calculations and round your answer to the nearest
whole number, e.g., 32.) d. Assume no new debt was issued during the year. What is the cash
flow to creditors during 2019? What is the cash flow to stockholders? (A negative answer should
be indicated by a minus sign. Do not round intermediate calculations and round your answers to
the nearest whole number, e.g., 32.)
Answer is complete but not entirely correct..
Prescott Football Manufacturing had the following operating results f.pdf
1. Prescott Football Manufacturing had the following operating results for 2019: sales = $29,874;
cost of goods sold =$21,632; depreciation expense =$3,470; interest expense =$514; dividends
paid =$825. At the beginning of the year, net fixed assets were $19,872, current assets were
$3,557, and current liabilities were $3,110. At the end of the year, net fixed assets were $22,987,
current assets were $4,381, and current liabilities were $2,981. The tax rate for 2019 was 24
percent. a. What is net income for 2019 ? (Do not round intermediate calculations and round
your answer to the nearest whole number, e.g., 32.) b. What is the operating cash flow for 2019?
(Do not round intermediate calculations and round your answer to the nearest whole number,
e.g., 32.) c. What is the cash flow from assets for 2019? (A negative answer should be indicated
by a minus sign. Do not round intermediate calculations and round your answer to the nearest
whole number, e.g., 32.) d. Assume no new debt was issued during the year. What is the cash
flow to creditors during 2019? What is the cash flow to stockholders? (A negative answer should
be indicated by a minus sign. Do not round intermediate calculations and round your answers to
the nearest whole number, e.g., 32.)
Answer is complete but not entirely correct.
