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
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

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