Based on the financial statements for Tomkovick Golf Company in Problem 3.32, compute the cash flow invested
Question:
Based on the financial statements for Tomkovick Golf Company in Problem 3.32, compute the cash flow invested in net working capital and the cash flow invested in long-term assets for a calculation of the cash flows to investors for 2013?
Data from 3.32
2013 | 2012 | |
Assets | ||
Cash and marketable securities | $ 33,411 | $ 16,566 |
Accounts receivable | 260,205 | 318,768 |
Inventory | 423,819 | 352,740 |
Other current assets | 41,251 | 29,912 |
Total current assets | $ 758,686 | $ 717,986 |
Plant and equipment | 1,931,719 | 1,609,898 |
Less: Accumulated depreciation | (419,044) | (206,678) |
Net plant and equipment | $1,512,675 | $1,403,220 |
Goodwill and other assets | 382,145 | 412,565 |
Total assets | $2,653,506 | $2,533,771 |
Liabilities and Stockholders’ Equity | 2013 | 2012 |
Accounts payable and accruals | $ 378,236 | $ 332,004 |
Notes payable | 14,487 | 7,862 |
Accrued income taxes | 21,125 | 16,815 |
Total current liabilities | $ 413,848 | $ 356,681 |
Long-term debt | 679,981 | 793,515 |
Total liabilities | $1,093,829 | $1,150,196 |
Preferred stock | __ | __ |
Common stock (10,000 shares) | 10,000 | 10,000 |
Additional paid-in capital | 975,465 | 975,465 |
Retained earnings | 587,546 | 398,110 |
Less: Treasury stock | (13,334) | __ |
Total common equity | $1,559,677 | $1,383,575 |
Total liabilities and stockholders’ equity | $2,653,506 | $2,533,771 |
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Essentials of Corporate Finance
ISBN: 978-1118868416
1st edition
Authors: Robert Parrino, David S. Kidwell, Thomas Bates