Question
11. Oceanic Excursions (40 Points). Append your Financial Statements below the data. 11A. Oceanic Excursions acquired two companies in 2019. How much did they pay
11. Oceanic Excursions (40 Points). Append your Financial Statements below the data.
11A. Oceanic Excursions acquired two companies in 2019. How much did they pay for these companies over and above the companies Book Value (4 points)?
11B. How much stock (dollar value) did Oceanics repurchase in 2019 (4 points)?
11C. What was Oceanics Dividend in 2019 (4 points)?
11D. Construct Income Statements for 2018 and 2019 (6 points).
11E. Construct Balance Sheets for 2018 and 2019 (10 points).
11F. Construct a Statement of Cash Flows for 2019 (12 points).
Financial information for Oceanic Excursions 2019 2018 Accounts Payable $ 2,000 $ 1,916
Accounts Receivable 512 488
Additional Paid-in Capital 3,100 3,100
Cash 2,283 1,803
Common Stock 5 5
Cost of Goods Sold 8,387 7,614
Current Portion of Long-term Debt 1,045 0
Depreciation Expense 866 849
Dividends ? 110
Goodwill 2,897 2,897
Interest Expense 867 857
Inventory 144 108
Long-Term Debt 2,813 3,447
Net Property, Plant & Equipment 5,924 5,781
Retained Earnings ? ?
Revenue 14,082 12,810
Selling General & Admin Expense 1,319 1,278
Treasury Stock -800 -650
Tax Rate = 25%
Need it ASAP!!!!!
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