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1. Find Cash Flow From Assets in 2013 for Charlies & Willies, given that the changes to working capital going forward are reflected by any
1. Find Cash Flow From Assets in 2013 for Charlies & Willies, given that the changes to working capital going forward are reflected by any change in working capital from 2012 to 2013.
2. Find Cash Coverage Ratio
Charlie's and Willie's Chocolate Products Corporation 2012 and 2013 (Restated) Balance Sheets ($ in thousands) Assets Liabilities & Owners' Equity 2012 2013 2012 2013 Current Assets Current Liabilities Cash Accounts receivable Inventory Total 390 $ 755 $ 455 $ 375 1,000 350 1,725 Accounts payable Notes payable (Note 1) Total 425 $ 375 $ 800 575 350 925 1,600 Fixed Assets Long-term debt (Note 1) 3,300 2,297 1,900 2,100 4,000 1,500 Net plant & equipment (NOTE 4) Net intellectual property Total 2,350 S 3,850 $ Owners' equity Common stock 8 paid-in surplus Retained earnings Total (Note 3) 250 $ 1,100 S 1,350 $ 350 2,153 2,503 Total liabilities & Total assets 5,450 5,725 owners' equity 5,450 5,725
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